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Required information [The following information applies to the questions clisplayed below] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts inciuded

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Required information [The following information applies to the questions clisplayed below] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts inciuded the following at June 30 : During the month of July, the company had the following activities: a. Issued 6,100 shares of common stock for $610.000cash. b. Borrowed 5114,000 cash from a local bank, payable in two years. c. Bought a bullding for $272,250; paid $84,250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $238,000. e. Purchased supples for $31,250 on account. Prepare a trial balance at July 31 based on the ending balances in the T-accounts. a. Issued 6,100 shares of common stock for $610,000 cash. b. Borrowed $114.000 cash from a local bank, payable in two years. c. Bought a building for $272,250; paid $84,250 in cash and signed a three-year note for the bolance: d. Paid cash for equiprnent that cost $238,000. e. Purchased supplies for $31,250 on account. Prepare a trial balance at July 31 based on the ending balances in the T-accounts

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