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 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 24,000 150,000 56,250 140,000 161,000 219,000 6,950 431,600 16,300 During the month of July, the company had the following activities: a. Issued 6,600 shares of common stock for $660,000 cash. b. Borrowed $178,000 cash from a local bank, payable in two years. c. Bought a building for $235,000; paid $84,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $245,000. e. Purchased supplies for $51,250 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities + Stockholders' Equity Cash Supplies Buildings Equipment Land = Accounts Payable Notes Payable Common Stock Retained Earnings Beginning Balance 56,250 16,300 150,000 161,000 219,000 = 24,000 6,950 + 140,000 431,600 a. + b. C. II + + + e. + Ending Balance 56,250 16,300 150,000 161,000 219,000 = 24,000 6,950 + 140,000 431,600 d