30 M2-9 Determining Financial Statement Effects of Several Transactions (LO 2-2) For each of the following transactions of Spotlighter, loc. 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) a San Borrowed 54,340 from a local bank on a note doen months Received $5.030 chrom investors and issued common stock to them Purchased $1400 in equipment paying $400 cmh and promising the rest on a note due in one ye d. Paid $500 cash for supplies. Bought and received $900 of supplies on account Bholders' Equity A. 4,340 Newbie hart om 4,340