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

a$.$ Borrowed $$4,140$ from a local bank on a note due in six months.

b$.$ Received $$4,830$ cash from investors and issued common stock to them.

c$.$ Purchased $$1,400$ in equipment, paying $$400$ cash and promising the rest on a note due in one year.

d$.$ Paid $$500$ cash for supplies.

e$.$ Bought and received $$900$ of supplies on account.

Required:

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

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