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The following are the transactions of Spotlighter Incorporated for the month of January a Borrowed $4.290 from a local bank on a note due in six months 6. Received $4.980 cash from investors and issued common stock to them. c. Purchased S1700 in equipment, paying $550 cash and promising the rest on a note due in one year. d. Paid $650 cash for supplies e Bought and received $1.050 of supplies on account Required: Prepare Journal entries for each transaction. If no entry is required for a transaction/event, select "No Journal Entry Required" the first account field.) View transaction list Journal entry worksheet 2 Borrowed 54.290 from a local bank on a note due in six months. Record the transaction Noter Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal The following are the transactions of Spotlighter, Incorporated, for the month of January a. Borrowed $4,290 from a local bank on a note due in six months b. Received $4.980 cash from investors and issued common stock to them. c Purchased $1.700 in equipment, paying $550 cash and promising the rest on a note due in one year. d Paid $650 cash for supplies e Bought and received $1.050 of supplies on account Required: Prepare journal entries for each transaction (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet