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 gote for the balance. d. Paid cash for equipment that cost $225,000. e. Purchased supplies for $54,250 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. 1) Required information \begin{tabular}{|l|l|l|} \hline & & \\ \hline Ending Balance & & \\ \hline & \\ \hline \end{tabular} 4. Prepare a trial balance at July 31 . 5. Prepare a classified balance sheet at July 31