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how to make a balance sheet? The following are the transactions of Spotlighter, Inc., for the month of January C. a. Borrowed $5,840 from a

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The following are the transactions of Spotlighter, Inc., for the month of January C. a. Borrowed $5,840 from a local bank on a note due in six months. b. Received $6,530 cash from investors and issued common stock to them. Purchased $2,900 in equipment, paying $1,150 cash and promising the rest on a note due in one year d. Paid $1,250 cash for supplies. e. Bought and received $1,650 of supplies on account. 3 Prepare a classified balance sheet for Spotlighter, Inc., as of January 31. SPOTLIGHTER INC. Balance Sheet At January 31 Assets Liabilities Current Assets Cash Current Liabilities Notes Payable (short-term) Accounts Payable Supplies

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