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The following are the transactions of Spotlighter, Incorporated, for the month of January a. Bortowed $3,940 from a local bank on a note due in

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The following are the transactions of Spotlighter, Incorporated, for the month of January a. Bortowed $3,940 from a local bank on a note due in six months b. Received $4,630 cosh from investors and issued common stock to them c Purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year d Paid $300 cash for supplies. e Bought and recelved $700 of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending occount balances Show a beginning balonce of zero

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