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 ; During the month of July, the company had the following activities: a. Issued 6.000 shares of common stock for $600.000 cash. b. Borrowed $151,000 cash from a local bank, payable in two years. c. Bought a building for $191,500 : paid $92,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $228.000. e. Purchased supplies for $44,500 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. 4. Prepare a trial balance at July 31. 5. Prepare a classified balance sheet at July 31