1. (b, c, d, e)

For each of the following transactions of Spotlighter Inc., for the month of January, indicate the accounts. amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) (Sample) Borrowed $5, 340 from a local bank on a note due in six months Received $6.030 cash from investors and issued common stock to them Purchased $2, 400 in equipment, paying $900 cash and promising the rest on a note due in one year. Paid $1.000 cash for supplies Bought and received $1.400 of supplies on account