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Required information 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,

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Required information 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 applics to the questions cisplayed belows? 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 activites: A. issued 4,300 shares of common stock for $430.000cash b. Borrowed 5143,000 cash tiom a local bank, payable in two years. c. Bought o building for $223.500; paid 5102.500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $227000 e. Purchased supplies for $50,750 on sccount. 1. Analyze transactions (a) - (e) to determine their effects on the accounting equation. (Enter any decreoses to account balances with a minus sign.)

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