The following are the transactions of Spotlighter, Inc., for the month of January:

a.	Borrowed $4,390 from a local bank on a note due in six months.
b.	Received $5,080 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.

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

Cash					Supplies
Beg. Bal.	0				Beg. Bal.
a.	4,390
b.	5,080
c.
End. Bal.	9,470				End. Bal.
Equipment					Accounts Payable
Beg. Bal.					Beg. Bal
End. Bal.					End. Bal.
Notes Payable (short-term)					Common Stock
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.