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 $1000 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 zerg Supplies 300 Cash Beg. Bal 4,630 Beg. Bal End. Bal 4,630 End. Bal 300 Accounts Payable Equipment 1,000 Beg. Bal Beg. Bal End. Bal 1,000 End. Bal Notes Payable (short-term) Common Stock Beg. Bal 3,940 Beg. Bal End. Bal 3,940 End. Bal