Business, 20.09.2020 17:01 Shayleechase

For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. a. Borrowed $5,540 from a local bank on a note due in six months.
b. Received $6,230 cash from investors and issued common stock to them.
c. Purchased $2,600 in equipment, paying $1,000 cash and promising the rest on a note due in one year.
d. Paid $1,100 cash for supplies.
e. Bought and received $1,500 of supplies on account.

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For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the...

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