Record the transaction effects determined in requirement 1 using a journal entry format.

Issued 3,600 shares for $360,000

Borrowed $130,000 cash from a local bank, payable June 30, 2020

Bought a factory building for $222,000; paid $102,000 in cash and signed a three-year note for the balance

Paid cash for equipment that cost $240,000

Purchased supplies for $36,000 on account

Transaction General Journal Debit Credit e. Clear entry Record entry View general journal 3. Summarize the journal entry effects from requirement 2 using T-accounts. Cash Supplies Beg. bal. Beg. bal End, bal. Factory Building Equipment Beg. bal. Beg. bal. End. bal. End. bal. Land Accounts Payable Beg. bal. Beg. bal. End. bal. End, bal. Notes Payable Contributed Capital Beg. bal. Beg. bal. End. bal. End, bal. Retained Earnings Beg. bal. End. bal. 4. Prepare a classified balance sheet at July 31, 2017. DELIBERATE SPEED CORPORATION Balance Sheet At July 31, 2017 Assets Liabilities Current assets Current liabilities Total current assets Total current liabilities Total liabilities Shareholders'equity Total shareholders' equity O Total liabilities & shareholders' equity Total assets 5. As of July 31, 2017, has the financing for DSC's investment in assets primarily come from liabilities or from shareholders' equity? Liabilities Shareholders' equity