Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 20,000 100,000 36,000 180,000 118,000 200,000 2,000 259,000 7,000 During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400,000 cash. b. Borrowed $100,000 cash from a local bank, payable in two years. c. Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets = Liabilities + Stockholders' Equity Cash Supplies Buildings Equipment Land H Accounts Payable Notes Payable (long-term) t Common Stock Retained Earnings Beginning Balance 36,000 7,000 100,000 118,000 200,000 = 20,000 2,000+ 180,000 259,000 + a. b. C d. = + e. Ending Balance 36,000 7,000 100,000 118,000 200,000 = 20,000 2,000 + 180,000 259,000