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Required information [ The following information applies to the questions displayed below. ] Deliberate Speed Corporation ( DSC ) was incorporated as a private company.
Required information
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 :
During the month of July, the company had the following activities:
a Issued shares of common stock for $ cash.
b Borrowed $ cash from a local bank, payable in two years.
c Bought a building for $; paid $ in cash and signed a threeyear note for the balance.
d Paid cash for equipment that cost $
e Purchased supplies for $ on account.Analyze transactions ae to determine their effects on the accounting equation. Enter any decreases to account balances with a minus sign.
tableAssets,Liabilities,Stockholders' EquityCash,Supplies,Buildings,Equipment,Land,tableAccountsPayabletableNotesPayabletableCommonStocktableRetainedEarningsBeginning Balance,abcdeEnding Balance,
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