pter 1& 2 Homework Saved 17 0 3 of 6 Required information [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 Canh Common Stock Equipment Land Notes Payable (long-term) Betained Earnings Supplies $ 21,100 144,000 55,500 220,000 143,000 275,000 6,700 385,800 16.100 Book Print During the month of July, the company had the following activities: ferences 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. e. Purchased supplies for $54,750 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Dobit Credit Debit Credit Required information Cash Supplies 6 Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Equipment Buildings Credit Credit Debit Beginning Balance Debit Beginning Balance aces Ending Balance Ending Balance Land Accounts Payable Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Common Stock Notes Payable Credit Credit Debit Beginning Balance Debit Beginning Balance Beginning Balance Begi Ending Balance Endi Retained Earnings Debit Credit Beginning Balance Ending Balance