Required information

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The following are the transactions of Spotlighter, Incorporated, for the month of January.

a$.$ Borrowed $$4,540$ from a local bank on a note due in six months.

b$.$ Received $$5,230$ cash from investors and issued common stock to them.

c$.$ Purchased $$1,600$ in equipment, paying $$500$ cash and promising the rest on a note due in one year.

d$.$ Paid $$600$ cash for supplies.

e$.$ Bought and received $$1,000$ of supplies on account.

Required:

For each transaction, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.

Note: Enter any decreases to account balances with a minus sign.