The following information applies to the questions displayed below. Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable s 20600 60.250 205,000 207000 3,400 Notes Payable (ong-tem Retained Eamings 16.500 During the month of July, the company had the following activities: a Issued 4,200 shares of common stock for $420,000 cash. b Borrowed $194,000 cash from a local bank, payable in two years. Bought a building for $265,250; paid $97,250 in cash and signed a three-year note for the balance. d Paid cash for equipment that cost $282,000. e Purchased supplies for $37,250 on account. Summarize the journal entry effects from part 2 using T