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 $5,740 from a local bank on a note due in six months. b. Received $6,430 cash from investors and issued common stock to them. c. Purchased $2,800 in equipment, paying $1,100 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. a. Cash b. C. C. d. d. e. Assets Check my work Liabilities + Stockholders' Equity 5,740 = Notes Payable (short-term) 5,740 + + || || || | || = II = + + + + +