interpreung the daiance sneet LLU 2-4, LU 2-3, LU 2-4, LU 2-3) [The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 29,000 159,000 39,500 150,000 150,500 239,000 3,500 418,300 12,800 During the month of July, the company had the following activities: a. Issued 5,800 shares of common stock for $580,000 cash. b. Borrowed $111.000 cash from a local bank, payable in two years. c. Bought a building for $290,500; paid $104,000 in cash and signed a three year note for the balance. d. Paid cash for equipment that cost $217,000. e. Purchased supplies for $30.250 on account. Required information PA2-2 Part 4 4. Prepare a trial balance at July 31. DELIBERATE SPEED CORPORATION Trial Balance Debit Credit Totals S 0 $ 0