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Deliberate Speed Corporation (DSC) was incorporated as a private company. accounts included the following at June 30: The company's Accounts Payable Buildings 20,000 Land 100,000
Deliberate Speed Corporation (DSC) was incorporated as a private company. accounts included the following at June 30: The company's Accounts Payable Buildings 20,000 Land 100,000 Notes Payable long-term $200,000 2,000 259,000 36,000 Retained Earnings 180,000 Supplies 118,000 Common Stock pmant During the month of July, the company had the following ativities: 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 d. e. balance Paid cash for equipment that cost $200,000. Purchased supplies for $30,000 on account
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