Required: The following are the transactions of Spotlighter, Incorporated, for the month of January, For each transaction, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) 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. Assets Stockholders' Equity Liabilities 3,940 = Notes Payable (short-term) a Cash 3.940) - ib C C . d d