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The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $4,740 from a local bank on a note due in

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The following are the transactions of Spotlighter, Inc., for the month of January a. Borrowed $4,740 from a local bank on a note due in six months b. Received $5,430 cash from investors and issued common stock to them. Purchased $1,800 in equipment, paying $600 cash and promising the rest on a note C. due in one year. 2. d. Paid $700 cash for supplies. e. Bought and received $1,100 of supplies on account. Prepare a classified balance sheet for Spotlighter, Inc, as of January 31 es SPOTLIGHTER INC. Balance Sheet Assets Current Assets Cash Supplies C Total Current Assets

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