The following are the transactions of SpotcleanThe following are the transactions of Spotclean, Inc., for the month of January.

1. Borrowed $4,740 from a local bank on a note due in six months.
2. Received $5,430 cash from investors and issued common stock to them.
3. Purchased $2,600 in equipment, paying $1,000 cash and promising the rest on a note due in one year.
4. Paid $1,100 cash for supplies.
5. Bought and received $1,500 of supplies on account.

Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero.

Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Supplies Cash 8,070 Beg. Bal. Beg. Bal. End. Bal. 8,070 End. Bal. Accounts Payable Equipment 2,500 Beg. Bal. Bal : Beg. Bal End. Bal. 2,500 End. Bal. Notes Payable (short-term) Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal