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Required information The following informatlon applles ro the questlons alisplayed below ] Deliberate Speed Corporathon ( DSC ) was incorporated as a pnvate company. The
Required information
The following informatlon applles ro the questlons alisplayed below
Deliberate Speed Corporathon DSC was incorporated as a pnvate company. The company's accounte included the
following at June :
During the month of July, the company had the following activites:
a Issued shares of common stock for $ cash.
b Borrowed $ cash from a local bank, payable in two years.
c Bought a building for $ : pald $ in cash and signed a threeyear note for the balance.
d Pald cash for equlpment that cost $
e Purchased supplies for $ on account.
Summanize the joumal entry effects from part using Taccounts.
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