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 $4,040 from a local bank on a note due in six months. b. Received $4,730 cash from investors and issued common stock to them. c. Purchased $1,100 in equipment, paying $250 cash and promising the rest on a note due in one year. d. Paid $350 cash for supplies. e. Bought and received $750 of supplies on account. a. Cash b. Cash c. Equipment c. Cash d. Supplies d. e. Assets Liabilities 4,040 Notes Payable (short-term) 4,730 = 4,040 + 1,100 = +Common Stock + + Stockholders' Equity