equired: epare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in e first account field.) Journal entry worksheet 5 Borrowed $4,540 from a local bank on a note due in six months. Record the transaction. Note: Enter debits before credits. The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,540 from a local bank on a note due in six months. b. Received $5,230 cash from investors and issued common stock to them. c. Purchased $2,200 in equipment, paying $800 cash and promising the rest on a note due in one year. d. Paid $900 cash for supplies. e. Bought and received $1,300 of supplies on account. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 245 Borrowed $4,540 from a local bank on a note due in six months. Record the transaction. Note: Enter debits before credits