For each of the following transactions of SnowFall, 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.)

1. (Sample) Borrowed $4,340 from a local bank on a note due in six months.
2. Received $5,030 cash from investors and issued common stock to them.
3. Purchased $1,400 in equipment, paying $400 cash and promising the rest on a note due in one year.
4. Paid $500 cash for supplies.
5. Bought and received $900 of supplies on account.

Assets Stockholders' Equity Liabilities Notes Payable (short-term) a. Cash 4,340 4,340