Post the following transactions to T-Accounts and calculate the ending balance of each account. To complete the requirement of this exercise, choose the correct amount of each account in the drop-down menu of the given table below.

1. The Company borrowed $3,940 from a local bank on a note due in six months.

2. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year.

3. Paid $300 cash for supplies.

4. Bought and received $700 of supplies on account.

5. Received $4,630 cash from investors and issued common stock to them.

Cash

Supplies

Common Stock

Equipment

Accounts Payable

Notes Payable Choose

Post the following transactions to T-Accounts and calculate the ending balance of each account. To complete the requirement of this exercise, choose the correct amount of each account in the drop-down menu of the given table below. 1. The Company borrowed $3,940 from a local bank on a note due in six months. 2. Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. 3. Paid $300 cash for supplies. 4. Bought and received $700 of supplies on account. 5. Received $4,630 cash from investors and issued common stock to them. Cash Supplies Equipment Accounts Payable Notes Payable Common Stock