Homework SourseThe following information applies to the questions displayed
[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:
| Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s accounts included the following at June 30: |
Solution
Answer
Date
Accounts Title
Dr
Cr
a
Cash
630000.00
Common Stock
630000.00
b
Cash
163000
Notes Payable
163000
c
Building
204750
Cash
101750
Notes Payable
103000
d
Equipment
241000
Cash
241000
e
Supplies
46500
Accounts Payable
46500
Accounts Payable
Beg Bal
29800
29800
Cr
e.
46500
76300
Cr
End Bal
76300
Cr
Building
Beg Bal
121000
121000
Dr
c.
204750
325750
Dr
End Bal
325750
Dr
Cash
Beg Bal
53250
53250
Dr
a.
630000
683250
Dr
b.
163000
846250
Dr
c.
101750
744500
Dr
d.
241000
503500
Dr
End Bal
503500
Dr
Common Stock
Beg Bal
240000
240000
Cr
a.
630000
870000
Cr
End Bal
870000
Cr
Equipment
Beg Bal
134500
134500
Dr
d.
241000
375500
Dr
End Bal
375500
Dr
Land
Beg Bal
285000
285000
Dr
End Bal
285000
Dr
Notes Payable
Beg Bal
3100
3100
Cr
b.
163000
166100
Cr
c.
103000
269100
Cr
End Bal
269100
Cr
Retained Earnings
Beg Bal
332850
332850
Cr
End Bal
332850
Cr
Supplies
Beg Bal
12000
12000
Dr
e.
46500
58500
Dr
End Bal
58500
Dr
| Date | Accounts Title | Dr | Cr |
| a | Cash | 630000.00 | |
| Common Stock | 630000.00 | ||
| b | Cash | 163000 | |
| Notes Payable | 163000 | ||
| c | Building | 204750 | |
| Cash | 101750 | ||
| Notes Payable | 103000 | ||
| d | Equipment | 241000 | |
| Cash | 241000 | ||
| e | Supplies | 46500 | |
| Accounts Payable | 46500 | ||
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-0.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-1.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-2.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-3.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-4.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
![[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac](/WebImages/30/the-following-information-applies-to-the-questions-displayed-1082706-1761568826-5.webp "[The following information applies to the questions displayed below.] Deliberate Speed Corporation (DSC) was incorporated as a private company. The company’s ac")
