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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 : During the month of July, the company had the following activities: a. Issued 5.500 shares of common stock for $550.000 cash. b. Borrowed $135,000 cash from a local bank, payable in two years. c. Bought a building for $233,000; paid $90,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $225,000. e. Purchased supplies for $54,250 on account 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Journal entry worksheet 345 Issued 5,500 shares of common stock for $550,000 cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Borrowed $135,000 cash from a local bank, payable in two years. Record the transaction. Noter Enter debits before credits. Journal entry worksheet Bought a building for $233,000; paid $90,000 in cash and signed a three-year note for the balance. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Paid cash for equipment that cost $225,000. Record the transaction. Notei Enter debits before credits. Journal entry worksheet Purchased supplies for $54,250 on account. Record the transaction. Note: Enter debits before credits

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