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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

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[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 $ 27,200
Buildings 142,000
Cash 47,750
Common Stock 225,000
Equipment 128,500
Land 211,000
Notes Payable (long-term)6,450
Retained Earnings 283,600
Supplies 13,000
During the month of July, the company had the following activities:
Issued 6,200 shares of common stock for $620,000 cash.
Borrowed $182,000 cash from a local bank, payable in two years.
Bought a building for $258,250; paid $82,250 in cash and signed a three-year note for the balance.
Paid cash for equipment that cost $210,000.
Purchased supplies for $47,250 on account. Prepare a classified balance sheet at July 31.
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