A company named Spot Out make following transactions, record these accounting transactions The company purchased a one-year insurance policy for $4,500. The company paid $1,500 for supplies. The company records the purchases of supplies in the assets and adjusts the account at the end of the month. The company paid $36,000 for a new equipment. The company received $20,000 from the bank in exchange of a note payable. Nine customers paid $500 each for the company's six-month dry cleaning package beginning in July e