Borrowed $4,340 from a local bank on a note due in six months. Record the transaction. 2 Received $5,030 cash from investors and issued common stock to them, Record the transaction. Purchased $1,800 in cash and promising the rest on a note due in one year. Record the transaction. equipment, paying $600 4 Paid $700 cash for supplies. Record the transaction Bought and received $1,100 of supplies on account. Record the transaction. s Note:-journal entry has been antered The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due In slx months. b. Recelved $5.030 cash from Investors and Issued common stock to them. d. Pald $700 cash for supplies. e. Bought and recelved $1100 of supplies on account. Prepare jounal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Borrowed $4,340 from a local bank on a note due in six months. Record the transaction. Note: Enter devis before cred Transaction General Journal Debit Credit a Cash Record entry Clear enty View genral joumal The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due In slx months. b. Recelved $5,030 cash from Investors and issued common stock to them. c. Purchased $1,800 In equipment, paying $600 cash and promising the rest on a note due In one year. d. Pald $700 cash for supplies. e. Bought and recelved $1,100 of supplies on account. Prepare joumal entrles for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required In the first account field.) View trarnsaction list Journal entry worksheet Received $5,030 cash from investors and issued common stock to them. Record the transaction. Note: Enter devis before cred Transaction General Journal Debit Credit Record entry Clear entry View general joumal The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due In six months. b. Recelved $5,030 cash from Investors and Issued common stock to them. c. Purchased $1,800 In equipment, paying $600 cash and promising the rest on a note due In one year. d. Pald $700 cash for supplies. e Bought and recelved $1,100 of supplies on account. Prepare Joumal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Requlred In the first account field.) View transaction list Journal entry worksheet Purchased $1,800 in equipment, paying $600 cash and promising the rest on a note due in one year. Record the transaction. Note: Enter devis before cred Transaction General Journal Debit Cradit Record entry Clear enty View general joumal The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due In six months. b. Recelved $5.030 cash from Investors and issued common stock to them. . Purchased $1,800 in equipment, paying $600 cash and promising the rest on a note due in one year. d. Pald $700 cash for supplies. e. Bought and receved $1100 of supplies on account. Prepare Joumal entries for each transaction. (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Bought and received $1,100 of supplies on account. Record the transaction Note: Enter Transaction General Journal Debit Credit Record entry Clear enty View general joumal