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The following are the transactions of Spotlighter, Inc., for the month of January Borrowed $4,590...

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Accounting

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The following are the transactions of Spotlighter, Inc., for the month of January Borrowed $4,590 from a local bank on a note due in six months. Received $5,280 cash from investors and issued common stoc o them c. Purchased $2,300 in equipment, paying $850 cash and promising the rest on a note due in one year d. Paid $950 cash for supplies e Bought and received $1,350 of supplies on account, Post the effects to the appropriate T-accounts and determine ending account balances Show a beginning balance of zero Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero. Cash Supplies Beg Bal. Beg Bal End Bal End. Bal Equipment Accounts Payable Beg Bal Beg Bal End. Bal End, Bal Notes Payable (short-term) Common Stock Beg Bal Beg Bal End. Bal End. Bal

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