deliberate speed

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Required information [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 Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 28,600 197,000 56,000 230,000 119,000 263,000 6,750 376,850 7,200 During the month of July, the company had the following activities: a. Issued 5.400 shares of common stock for $540,000 cash. b. Borrowed $119,000 cash from a local bank, payable in two years. c. Bought a building for $257,500; paid $90.500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $222,000. e. Purchased supplies for $33,750 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) d. Issue ,MUU SIDIES UI LUIIIIHTOI SULK IVI 5340, VVU Las b. Borrowed $119,000 cash from a local bank, payable in two years. c. Bought a building for $257,500; paid $90,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $222,000. e. Purchased supplies for $33,750 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Answer is not complete. Liabilities Accounts Notes Land Payable Payable 263,000 28,600 6,750 Cash Buildings Equipment Supplies 7,200 Stockholder's Equity Common Retained Stock Earnings 230,000 376,850 540,000 Beg 197.000 119,000 a. b. 56,000 540,000 119,000 (90,500) (222,000) C. 257,500 167,000 d. 222,000 0. 33,750 33,750 1,382,950 End 1,501,9503