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 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 Account VAYAL Ruling Cash common stock 118,000 46,500 200.000 Equip T.Anal Notes revable (long-term Retained Kuppel.com ning 133,000 30,000 274,700 1X, KOC During the month of July, the company had the following activiti a. red 5.100 shares of common stock for $510,000 cust b. Dorrowed $114,000 cash from a local bank, payable in two years. Bought a building for $272,250; paid 304,250 in cash and signed a three-year note for the balance. of Paid cash for equipment that cost $238.000. e. Purchased supplies for $31,250 on account. 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assate Liabilition Stockholders' Equity Cash Supplies Buildings Equipment Accounts Land Payable Notes Payable Common Retained Stock Beginning Beluncu 13.300 123.000 200.000 Earnings 274.700 b. c. d Fading Balance 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Debit Beginning Balance Ending Balance Credit Supplies Debit Credit Beginning Balance Ending Balance Equipment Buildings Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Land Accounts Payable Debit Credit Debit Credit Beginning Balanc Beginning Balance Ending Balance Ending Balance Notes Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Retained Earnings Credit Beginning Balance Ending Balance 4. Prepare a trial balance at July 31. Tolula Ending Balance DELIBERATE SPEED CORPORATION 5. Prepare a classified balance sheet at July 31. Trial Balance DELIBERATE SPEED CORPORATION Balance Sheet Debit Credit