No results Find on page cash basis The following information applies to the questions displayed below Delitberate Speed Corporation osc) was incorporated as a private company. The company's acco Included the following at June 30: Accounts Payable Buidings Cash Common Stock $ 20,900 109,000 38,500 95,000 42,000 214,000 Land Notes Payable (long-term) Retalned Earnings Supplies 4,350 ong-term)293850 10,600 Durnng the month of July, the company had the following activities a. Issued 4,900 shares of common stock for $490,000 cash. b. Borrowed $117,000 cash from a local bank, payable in two years C. Bought a building for $267 250. paid $93,250 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $275,000. e. Purchased supplies for $53,250 on account velue 3.33 points 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any O Type here to search