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0.4 points 1 eBook Print References The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,140 from a
0.4 points 1 eBook Print References The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,140 from a local bank on a note due in six months. b. Received $4,830 cash from Investors and issued common stock to them. c. Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. d. Paid $400 cash for supplies. e. Bought and received $800 of supplies on account. Prepare a classified balance sheet for Spotlighter, Inc., as of January 31. SPOTLIGHTER INC. Balance Sheet For the Month Ended January 31 Assets Liabilities Cash $ 8.270 Accumulated Depreciation-DEquipment 1.200 Accumulated Depreciation-CEquipment Supplies 1,200 Total Assets 10,670 10.070
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