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Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30:

Accounts Payable	$	29,800
Buildings		121,000
Cash		53,250
Common Stock		240,000
Equipment		134,500
Land		285,000
Notes Payable (long-term)		3,100
Retained Earnings		332,850
Supplies		12,000

During the month of July, the company had the following activities:
a.	Issued 6,300 shares of common stock for $630,000 cash.
b.	Borrowed $163,000 cash from a local bank, payable in two years.
c.	Bought a building for $204,750; paid $101,750 in cash and signed a three-year note for the balance.
d.	Paid cash for equipment that cost $241,000.
e.	Purchased supplies for $46,500 on account.

15 0.25 points 4. Prepare a trial balance at July 31. DELIBERATE SPEED CORPORATION Trial Balance Debit Credit Totals