The following are the transactions of Spot lighter, Inc., for the month of January: Borrowed $3, 990 from a local bank on a note due in six months. Received $4, 680 cash from investors and issued common stock to them. Purchased $1, 100 in equipment, paying $250 cash and promising the rest on a note due in one year. Paid $350 cash for supplies. Bought and received $750 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero