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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not The following are the transactions of Spotlighter. Inc.. for the month of January. a. Borrowed $4.640 from a local bank on a note due in six months. b. Received $5.330 cash from investors and issued common stock to them. c Purchased $2.400 in equipment. paying $900 cash and promising the rest on a note due in one year. d. Paid $1000 cash for supplies. e. Bought and received $1,400 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero (x) Answer is not complete Supplies Beg. Bal. Beg. Bal. 4,640 900 1,000 5,330 1,000 1,400 End. Bal. 8,070 End. Bal. 2,400 Equipment Accounts Payable nal

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