Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30:

Accounts Payable	$	28,200
Buildings		194,000
Cash		49,000
Common Stock		145,000
Equipment		157,000
Land		291,000
Notes Payable (long-term)		6,400
Retained Earnings		526,300
Supplies		14,900

During the month of July, the company had the following activities:

a.

Issued 5,200 shares of common stock for $520,000 cash.

b.

Borrowed $112,000 cash from a local bank, payable in two years.

c.

Bought a building for $207,000; paid $105,000 in cash and signed a three-year note for the balance.

d.

Paid cash for equipment that cost $230,000.

.

e. Purchased supplies for $45,250 on account.

2.	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.)

(1. Issued 5,200 shares of common stock for $520,000 cash. Record the transaction.

2.) Borrowed $112,000 cash from a local bank, payable in 2 years. Record the transaction.

3). Bought a building for $207,000; paid $105,000 in cash and signed a three-year note for the balance. Record the transaction.

4). Paid cash for equipment that cost $230,000. Record the transaction.

5). Purchased supplies for $45,250 on account. Record the transaction.