31 M2-10 Preparing Journal Entries [LO 2-3] The following are the transactions of Spotlighter, Inc., for the month of January 059 point a. Borrowed $3.990 from a local bank on a note due in six months. b. Received $4,680 cash from investors and issued common stock to them, c. Purchased $1100 in equipment, paying $250 cash and promising the rest on a note due in one year, d. Paid $350 cash for supplies. e Bought and received $750 of supplies on account ebook Print Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction lit Journal entry worksheet 3 nces Purchased $1,100 in equipment, paying $250 cash and promising the rest on a note due in one year. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 31 b. Received $4,680 cash from investors and issued common stock to them. c. Purchased $1,100 in equipment, paying $250 cash and promising the rest on a note due in one y d. Paid $350 cash for supplies. e Bought and received $750 of supplies on account Prepare Journal entries for each transaction. (If no entry is required for a transaction/event, select the first account field.) Book View transaction list rint Journal entry worksheet arch ORI