The following are the transactions of Spotlighter, Incorporated, for the month of January a. Borrowed $4,840 from a local bank on a note due in six months. b. Received $5,530 cash from investors and issued common stock to them. c. Purchased $2,800 in equipment, paying $1,100 cash and promising the rest on a note due in one year. d. Paid $1,200 cash for supplies. e. Bought and received $1,600 of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies Credit Debit Beginning Balance a. Debit Beginning Balance 0 0 Credit 0 5,530 b. c. 0 3,940 C. Ending Balance 1,590 Ending Balance Equipment Accounts Payable Credit Credit Debit Beginning Balance Debit Beginning Balance 0 0 0 0 Ending Balance Ending Balance Common Stock Notes Payable (short-term) Debit Beginning Balance Credit Credit Debit Beginning Balance 0 0 0 Ending Balance Ending Balance