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 $$4,840$ from a local bank on a note due in six months.

b$.$ Received $$5,530$ cash from investors and issued common stock to them.

c$.$ Purchased $$1,900$ in equipment, paying $$650$ cash and promising the rest on a note due in one year.

d$.$ Paid $$750$ cash for supplies.

e$.$ Bought and received $$1,150$ of supplies on account.