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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. The company's accounts included

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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. 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 $ 20,000 100,000 36,000 180,000 118,000 200,000 2,000 259,000 7,000 During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400,000 cash b. Borrowed $100,000 cash from a local bank, payable in two years. c. Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 on account. S BE Navt 3. Summarize the journal entry effects from part 2 using T-accounts Cash Supplies Beg. Bal. Beg Bal a. 36,000 400,000 100.000 e. 30,000 b End Bal 536,000 End Bal 30,000 Equipment Buildings Beg Bal d. Beg. Bal 200,000 182,000 End. Bal 200,000 End Bal 182,000 Land Accounts Payable Beg. Bal Beg Bal

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