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Required information PA2-2 (Algo) Recording Transections (in a Journal and T-Accounts); Preparing a Trial Balance: Preparing ond Interpreting the Balance Sheet [LO 2-1, LO 2-2,

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Required information PA2-2 (Algo) Recording Transections (in a Journal and T-Accounts); Preparing a Trial Balance: Preparing ond Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3. LO 2-4. LO 2.5] (The following informarion appies to the questions displayed beiory) Deliberate Speed Corporation (DSC) was incorporated as a private company The company's accounts included the following of June 30 : During the month of July, the compony had the following activities: a. issued 5.100 shares of common stock for $510.000 cash. b. Borrowed 5183,000 cash from a local bank, payable in twa yeors. c. Bought o building for $2.10,750. poid $86.750 in cash ond signed o three-year note for the bolance. d. Paid cash for equipment that cost $284,000 e. Purchased supplies for 537,000 on account. PA2-2 (Algo) Part 1 Required: 1. Analyze wansactions fol-(e) to determine their effects on the occounting equotion. (Enter any decreases to account balances with a minut oign.)

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