The following are the transactions of spotlighter, inc., for the month of january 2013:
(a) b...
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Business, 13.09.2019 03:30 tookie6208
The following are the transactions of spotlighter, inc., for the month of january 2013:
(a) borrowed $3,940 from a local bank on a note due in six months.
(b) received $4,630 cash from investors and issued stock to them.
(c) purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year.
(d) paid $300 cash for supplies.
(e) bought and received $700 of supplies on account.
post the effects to the appropriate t-accounts and determine ending account balances.
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