read direction and fill out the chart correctly Required:...
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Accounting
read direction and fill out the chart correctly
Required: The following are the transactions of Spotlighter, Incorporated, for the month of January. For each transaction, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) 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 $1,700 in equipment, paying $550 cash and promising the rest on a note due in one year. d. Paid $650 cash for supplies. e. Bought and received $1,050 of supplies on account. lighter, Incorporated, for the month of January For each transaction, indicate the ffects on the accounting equation. A sample is provided. (Enter any decreases to bank on a note due in six months. nd issued common stock to them. 15550 cash and promising the rest on a note due in one year. 3 on account
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