The following are the transactions of Spotlighter, Inc., for the month of January: a. Borrowed $4, 240 from a local bank on a note due in six months. b. Received $4, 930 cash from investors and issued common stock to them. c. Purchased $1, 600 in equipment, paying $500 cash and promising the rest on a note due in one year. d. Paid $600 cash for supplies. e. Bought and received $1,000 of supplies on account. Prepare journal entries for each transaction