Question: fill out the missing boxes below [The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private 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 company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 4,800 shares of common stock for $480,000 cash. b. Borrowed $170,000 cash from a local bank, payable in two years. c. Bought a building for $296,000; paid $100,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $251,000. e. Purchased supplies for $41,750 on account. \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Equipment } \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Beginning Balance \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Retained Earnings } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \hline \multicolumn{2}{|c|}{ Deblt } & & \\ \hline Beginning Balnce & O & & \\ \hline C. & 18,000 & 14,500 & C. \\ \hline d. & 1,800 & & d. \\ \hline & & & \\ \hline Ending Balance & 5,300 & & \\ \hline \end{tabular} Accounts Payable \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline & Beginning Balance & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular}
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