Required information

PA$2-2($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 $5,500$ shares of common stock for $$550,000$ cash.

b$.$ Borrowed $$135,000$ cash from a local bank, payable in two years.

c$.$ Bought a building for $$233,000$; paid $$90,000$ in cash and signed a three$-$year note for the balance.

d$.$ Paid cash for equipment that cost $$225,000.$

e$.$ Purchased supplies for $$54,250$ on account.