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Summarize the journal entries using T accounts Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June

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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 21,100 144,000 55, 500 220,000 143,000 275,880 6,780 385,800 16,100 During the month of July, the company had the following activities a Issued 4,400 shares of common stock for $440,000 cosh b Borrowed $121,000 cash from a local bank, payable in two years . Bought a building for $229,750, paid $88,750 in cash and signed d. Paid cash for equipment that cost $226,000 e Purchased supplies for $54,750 on account three-year note for the balance. Cash Supplies Beg. Bal Beg. Bal End. Bal. End. Bal. Equipment Buildings Beg. Bal Beg. Bal. End. Bal End. Ba Land Accounts Payable Beg. Bal. Required information Land Accounts Payable Beg. Bal Beg. Bal. End. Bal End. Bal Notes Payable Common Stock Beg. Bal. Beg. Bal. End. Bal End. Bal Retained Earnings Beg. Ba End. Bal

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