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Please help me find the right steps. TYIA. The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $3,940 from

Please help me find the right steps. TYIA.

image text in transcribedimage text in transcribed The following are the transactions of Spotlighter, Incorporated, 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

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