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5 The following are the transactions of Spotlighter, Inc., for the month of January. 20 points a. Borrowed $4.390 from a local bank on a

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5 The following are the transactions of Spotlighter, Inc., for the month of January. 20 points a. Borrowed $4.390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1150 of supplies on account eBook Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. ASK Cash Beg Ball Supplies Beg Bal Print End. Bal. End. Bal Equipment Accounts Payable Beg Bal Beg. Bal End Bal End. Bal Notes Payable (short-term) Common Stock Beg Bal Beg Bal End, Bal End. Bal

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