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I dont understand how to use the a,b,c,d,e. and where I'm getting the numbers from ? FAZ-2 (AGO) Recording TransacLIONS ( a Journal and l-Accounts),
I dont understand how to use the a,b,c,d,e. and where I'm getting the numbers from ?
FAZ-2 (AGO) Recording TransacLIONS ( a Journal and l-Accounts), riepannya hal Dance, rieparny and Interpreting the Balance Sheet (LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5) (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 Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 27,800 156,000 58,250 155,000 138,000 262,000 3,250 440,100 11,900 During the month of July, the company had the following activities a. Issued 5,500 shares of common stock for $550,000 cash b. Borrowed $135.000 cash from a local bank, payable in two years. c Bought a building for $233,000; paid $90,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $225,000 e Purchased supplies for $54.250 on account Cash Supplies Credit Debit Beginning Balance Credit Debit Beginning Balance a . e b. Ending Balance Inding Balance a. Equipment b Buildings er Debit Credit Debit Beginning Balance c. eginning Balance d d. Ending Balance Ending Balance Land Accounts Payable Land Accounts Payable Debit Credit Beginning Balance Debit Beginning Balance Credit Ending Balance Ending Balance Notes Payable Common Stock Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Retained Earnings Retained Earnings Debit Beginning Balance Credit Ending BalanceStep by Step Solution
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