Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30: Accounts Payable $ 24,700 Buildings 179,000 Cash 44,000 Common Stock 165,000 Equipment 122,000 Land 264,000 Notes Payable (long-term) 6,250 Retained Earnings 424,050 Supplies 11,000 During the month of July, the company had the following activities: Issued 5,700 shares of common stock for $570,000 cash. Borrowed $141,000 cash from a local bank, payable in two years. Bought a building for $244,000; paid $90,750 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $249,000. Purchased supplies for $36,250 on account. Record the transaction effects determined in part 1 using a journal entry format. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) - Issued 5,700 shares of common stock for $570,000 cash. Record the transaction. - Borrowed $141,000 cash from a local bank, payable in two years. Record the transaction. - Bought a building for $244,000; paid $90,750 in cash and signed a three-year note for the balance. Record the transaction. - Paid cash for equipment that cost $249,000. Record the transaction. - Purchased supplies for $36,250 on account. Record the transaction.