pls answer in a layman's term. Thank you

The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed \\( \\$ 4,840 \\) from a local bank on a note due in six months. b. Received \\( \\$ 5,530 \\) cash from investors and issued common stock to them. c. Purchased \\( \\$ 2,800 \\) in equipment, paying \\( \\$ 1 \\) jo cash and promising the rest on a note due in one year. d. Paid \\( \\$ 1,200 \\) cash for supplies. e. Bought and received \\( \\$ 1,600 \\) of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero \\begin{tabular}{|l|l|l|l|} \\hline \\multicolumn{2}{|c|}{ Common Stock } \\\\ \\hline Beginning Balance & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline \\end{tabular}