The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and issued common 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. Show a beginning balance of zero.

Explanation:

Cash                                                                          Supplies

Beg. Bal.                                Beg. Bal.  

Notes Payable3940    Cash         300  

Contributed capital 4630            Accounts Payable 700  

Equipment                200      

Supplies                        300      End. Bal.1000  

End. Bal.        8070        

                                                                   Accounts Payable

                                                                  Contributed Capital

Equipment                                      Beg. Bal.    

Beg. Bal.                         Supplies                 700  

Cash               200        

Notes Payable     800                              End. Bal.                  700  

End. Bal.            1000  

Notes Payable                                   Beg. Bal.    

Beg. Bal.                             Cash                 4630

Cash                    3940      

Equipment             800      

                                                                    End. Bal.                    4630

End. Bal.                    4740    

Trial Balance      

                                                      Debit             Credit      

Cash                                      8070        

Supplies                                      1000        

Equipment                              1000        

Accounts Payable                                                      700      

Notes Payable                                                      4740      

Contributed Capital                                              4630      

Total                                        10070                      10070    

so i don't know what video you're talking about, but here's some stuff steve jobs gave as advice.

- love what you do.

- the worst thing that could happen might turn out to be the best thing that could happen.

- follow your heart and trust it knows where it's going.

explanation:

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