er 2 Homework Assignment Help Save & E Submit Check my work For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample)Borrowed $4,640 from a local bank on a note due in six months. b. Received $5,330 cash from investors and issued common stock to them. c Purchased $1,700 in equipment, paying $550 cash and promising the rest on a note due in one year. d. Paid $650 cash for supplies e. Bought and received $1,050 of supplies on account. Assets Stockholders' Equit a. Cash 4,640 Liabilities Notes Payable (short-term) 46:40 h C d e. O a 8 h Sh... Priceline.com apter 2 Homework Assignment Help Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long- term) Retained Earnings Supplies $ 82,000 610,000 101,000 280,000 170,000 499,000 4,000 1,021,000 7,000 During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400,000 cash. b. Borrowed $115,000 cash from a local bank, payable in four years. c Bought a building for $188,000; paid $77,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $101,000. e Purchased supplies for $101,000 on account. OS