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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

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. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Beg. Bal. >>. >>>> >>>> >>>> End. Bal. Beg. Bal. End. Bal. Geg. jBal. End. Bal. Supplies Beg. Bal. End. Bal. Beginning Balance Ending Balance. Beginning Balance. Ending Balance

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