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

Accounts Payable	$	28,400
Buildings		114,000
Cash		38,000
Common Stock		215,000
Equipment		162,500
Land		286,000
Notes Payable (long-term)		2,400
Retained Earnings		370,900
Supplies		16,200

During the month of July, the company had the following activities:
a.	Issued 3,900 shares of common stock for $390,000 cash.
b.	Borrowed $110,000 cash from a local bank, payable in two years.
c.	Bought a building for $251,750; paid $92,750 in cash and signed a three-year note for the balance.
d.	Paid cash for equipment that cost $243,000.
e.	Purchased supplies for $30,750 on account.

Liabilities

DELIBERATE SPEED CORPORATION
Balance Sheet
At July 31
	0		0
			0
			0
	$0		$0