4 3 points eBook Ask M2-11 (Algo) Posting to T-Accounts [LO 2-3] The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,790 from a local bank on a note due in six months. b. Received $5,480 cash from Investors and issued common stock to them. c. Purchased $2,700 in equipment, paying $1,050 cash and promising the rest on a note due in one year. d. Paid $1,150 cash for supplies. e. Bought and received $1,550 of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Print Debit Beginning Balance Ending Balance Supplies Credit Debit Beginning Balance Ending Balance Credit Equipment Accounts Payable Debit Credit Debit Credit + Beginning Balance Beginning Balance Ending Balance Ending Balance Notes Payable (short-term) Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance