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Required information PA2-2 Recording Transactions in a Journal and T-Accounts): Preparing a Trial Balance; Preparing and Inte
a. Issued 3,900 shares of common stock for $390,000 cash. b. Borrowed $110,000 cash from a local bank, payable in two years.
5. Prepare a classified balance sheet at July 31. DELIBERATE SPEED CORPORATION Balance Sheet At July 31 Assets Liabilities Cu
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Amounts Classified balance sheet as at 31st July :- Assets Current Assets : Cash Supplies Total Current Assets 59,150 59,150

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