Question: I attempted to do the problem, so if needed ignore the amounts and filled info in the chart Need help asap! Thank you ----------------------------------------------------------------- Deliberate

I attempted to do the problem, so if needed ignore the amounts and filled info in the chart

Need help asap! Thank you

-----------------------------------------------------------------I attempted to do the problem, so if needed ignore the amounts

Deliberate Speed Corporation (DSC) was incorporated as a private company on June 1, 2017. The company's accounts included the following at June 30, 2017: Accounts Payable Factory Building Cash Contributed Capital Equipment $ 30,000 106,000 32,000 200,000 138,000 Land Notes Payable, due 2019 Retained Earnings Supplies $220,000 6,000 269,000 9,000 During the month of July, the company had the following activities: a. Issued 3,600 shares for $360,000 cash. b. Borrowed $130,000 cash from a local bank, payable June 30, 2020. c. Bought a factory building for $222000: paid $102,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $240,000. e Purchased supplies for $36,000 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 Liabilities Shareholders'Equity Transaction Cash Supplies Buildings 180,000 166,000 106,000 Accounts payable Notes payable 66,000 6,000 Equipment 378,000 e. Land 220,000

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