PA2-2 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing 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 : During the month of July, the company had the following activities: a. Issued 4,300 shares of common stock for $430,000 cash. b. Borrowed $143,000 cash from a local bank, payable in two years. c. Bought a bullding for $223,500; paid $102,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $227,000. e. Purchased supplies for $50,750 on account. PA2-2 (Algo) Part 2 2. Record the transaction effects determined in part 1 using a joumal entry format. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2. Record the transaction effects determined in part 1 using a journal entry format. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Issued 4,300 shares of common stock for $430,000 cash. Record the transaction. Note: Enker debits before credits