Journal entry worksheet Issued 4,400 shares of common stock for $440,000 cash. Record the transaction. Note: Enter debits before credits. Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 : 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. c. Purchased supplies for $54,750 on account. Journal entry worksheet 5 Borrowed $121,000 cash from a local bank, payable in two years. Record the transaction. Note: Enter debits before credits. Paid cash for equipment that cost $226,000. Record the transaction. Note: Enter debits before credits. Bought a building for $229,750; paid $88,750 in cash and signed a three-year note for the balance. Record the transaction. Note: Enter debits before credits. Purchased supplies for $54,750 on account. Record the transaction. Note: Enter debits before credits