M2-11 Posting to T-Accounts [LO 2-3] The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common stock to them. c. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. d. Paid $300 cash for supplies. e. Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Beg. Bal. End. Bal. Cash Beg. Bal. End. Bal. Supplies Equipment Accounts Payable Beg. Bal. Beg. Bal End. Bal. End. Bal. Notes Payable (short-term) Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal.