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Required information PA2-2 (Algo) Recording. Transactions (in o Journal and T-Accounts); Preparing a Trial Balonce; Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2,

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Required information PA2-2 (Algo) Recording. Transactions (in o Journal and T-Accounts); Preparing a Trial Balonce; 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 querviocs dapldyed below] Delberate Speed Corporotion (DSG) was incorporated as a privale compony. The compuny's accounts included the following ot June 30 . During the manth of July, the conpany had the following octivities a lstued 5,100 shares of cominian stock for $510,000cosh. b. Borrowed 5183,000 cash from e local bank, payable in two years. c. Bought a ballding for $210750 : poid $96,750 in cosh and signed a three-year note for the balance. d. Paid cash for equipment thot cost $284,000 e Purchased supples for $37,000 on account. PA2-2 (Algo) Part 5 5. Prepare o classified bolonce sheet at July 31

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