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1 Print Required: The following are the transactions of Spotlighter, Incorporated, for the month of January. For each transaction, indicate the accounts, amounts, and direction

1 Print Required: The following are the transactions of Spotlighter, Incorporated, for the month of January. For each transaction, 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.) a. (Sample) Borrowed $5,840 from a local bank on a note due in six months. b. Received $6,530 cash from investors and issued common stock to them. c. Purchased $2,900 in equipment, paying $1,150 cash and promising the rest on a note due in one year. d. Paid $1,250 cash for supplies. e. Bought and received $1,650 of supplies on account. 10 points a. Cash b. C. C. d. d. e. Assets Liabilities Stockholders' Equity 5,840 Notes Payable (short-term) 5,840 +

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