Question: IThe following information applies to the questions displayed below Deliberate Speed Corporation (DSC) was incorporated as a prvate company. The company's accounts included the following
IThe following information applies to the questions displayed below Deliberate Speed Corporation (DSC) was incorporated as a prvate company. The company's accounts included the following at June 30 $ 20,900 109,000 38,500 195,000 142,000 214,000 4,350 293,850 10,600 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies During the month of July, the company had the following activities: a. Issued 4,900 shares of common stock for $490,000 cash. b. Borrowed $117,000 cash from a local bank, payable in two years. c. Bought a building for $267.250, pald $93,250 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $275,000 e. Purchased supples for $53,250 on account. value 6.66 points Required l Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Stockholder's Equity CommonRetained Assets Liabilities Accounts Notes Cash Supplies Buildings Equipment Land Beg38,500 0,600 190004000 214,000 20,900 4,350 195,000 293,850 C. d. End
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