Required Information PA2-2 Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet[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: Accounts Payable Buildings cas Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies 28.4ee 114,00 38.000 215, 162, Sda 285, 2. e ne, de 15, 20e During the month of July, the company had the following activities o issued 3.900 shares of common stock for $390.000 cash b. Borrowed $110.000 cash from a local bank, payable in two years. C Bought a building for $251.750. paid $92.750 n cash and signed a three-year note for the balance d. Paid cash for equ pment that cost 1245.000 e Purchased supplies for $30.750 on account Credit DELIBERATE SPEED CORPORATION Trial Balance At July 31 Debit Cash Supplies Equipment Buildings Land 288.000 288.0 Accounts Payable Notes Payable long-term Common Stock Retained Earnings 370.900 $ 188,000 $ 370.000