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 5,200 shares of common stock for $520,000 cash. b. Borrowed $112,000 cash from a local bank, payable in two years. c. Bought a building for $207,000; paid $105,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $230,000. e. Purchased supplies for $45,250 on account. Prepare a trial balance at July 31 based on the ending balances in the T-accounts. 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 5,200 shares of common stock for $520,000 cash. b. Borrowed $112,000 cash from a local bank, payable in two years. c. Bought a building for $207,000; paid $105,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $230,000. e. Purchased supplies for $45,250 on account. Prepare a trial balance at July 31 based on the ending balances in the T-accounts