Drop down options:

• Accounts Payable
• Accounts Receivable
• Accumulated Amortization
• Accumulated Depreciation
• Advertising Expense
• Amortization Expense
• Bad Debt Expense
• Bank Charges Expense
• Buildings
• Cash
• Common Stock
• Copyrights
• Cost of Goods Sold
• Delivery Expense
• Depreciation Expense
• Dividends
• Dividends Payable
• Donation Revenue
• Equipment
• Franchise Rights
• Goodwill
• Income Tax Expense
• Income Tax Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Legal Expense
• Licensing Rights
• Logo and Trademarks
• Notes Payable (long-term)
• Notes Payable (short-term)
• Notes Receivable (long-term)
• Notes Receivable (short-term)
• Office Expense
• Patents
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Repairs and Maintenance Expense
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Revenue
• Selling, General, and Administrative Expense
• Service Revenue
• Short-term Investments
• Software
• Supplies
• Supplies Expense
• Travel Expense
• Unearned Revenue
• Utilities Expense
• Vehicles

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PART 2:

Required Information The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable $ 21,100 Buildings 144, eee Cash 55,5ee Common Stock 220, see Equipment 143,800 Land 275,000 Notes Payable (long-term) 6,700 Retained Earnings 385,800 Supplies 16, lee During the month of July, the company had the following activities: a. Issued 4.400 shares of common stock for $440,000 cash. b. Borrowed $121,000 cash from a local bank, payable in two years. c. Bought a building for $229,750; paid $88,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $226,000. e. Purchased supplies for $54,750 on account. 4. Prepare a trial balance at July 31. DELIBERATE SPEED CORPORATION Trial Balance Debit Credit Totals Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable $ 21,100 Buildings 144.ee Cash 55,500 Common Stock 22e,aee Equipment 143,800 Land 275, see Notes Payable (long-term) 6,780 Retained Earnings 385,800 Supplies 16,100 During the month of July, the company had the following activities: a. Issued 4.400 shares of common stock for $440,000 cash. 6. Borrowed $121.000 cash from a local bank, payable in two years. c. Bought a building for $229,750: paid $88,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $226,000. e. Purchased supplies for $54.750 on account. 5. Prepare a classified balance sheet at July 31. DELIBERATE SPEED CORPORATION Balance Sheet 0 0 0 S 0 s 0