b

6 M2-11 (Static) Posting to T-Accounts [LO 2-3] 5.26 points The following are the transactions of Spotlighter, Incorporated, for the month of January a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Pald $300 cash for supplies. e. Bought and received $700 of supplies on account. Print Meferences Required: Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies Debit Beginning Balance Credit Dobit Cash Supplies Credit Credit Debit Beginning Balance a Debit Beginning Balance . C Ending Balance Ending Balance Equipment Accounts Payable Credit Debit Beginning Balance Credit Debit Beginning Balance Ending Balance Ending Balance Notes Payable (short-term) Debit Beginning Balance Common Stock Credit Debit Beginning Balance Credit Ending Balance Ending Balance