The following are the transactions of Spotlighter, Incorporated, for the month of January a. Borrowed $4,440 from a local bank on a note due in six months. b. Received $5,130 cash from investors and issued common stock to them c. Purchased $2,000 in equipment, paying $700 cash and promising the rest on a note due in one year d. Paid $800 cash for supplies. e Bought and received $1,200 of supplies on account. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 5 Borrowed $4,440 from a local bank on a note due in six months. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry