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[ The following information applies to the questions displayed below. ] Deliberate Speed Corporation ( DSC ) was incorporated as a private company. The company

[The following information applies to the questions displayed below.]
Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30:
Accounts Payable $ 27,400
Buildings 146,000
Cash 52,750
Common Stock 190,000
Equipment 140,000
Land 220,000
Notes Payable (long-term)5,950
Retained Earnings 342,700
Supplies 7,300
During the month of July, the company had the following activities:
Issued 6,000 shares of common stock for $600,000 cash.
Borrowed $151,000 cash from a local bank, payable in two years.
Bought a building for $191,500; paid $92,500 in cash and signed a three-year note for the balance.
Paid cash for equipment that cost $228,000.
Purchased supplies for $44,500 on account.
Summarize the journal entry effects by posting them to T-accounts

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