Given the transactions in M2-9 (including the sample), prepare a classified balance sheet for Spot lighter, Inc., as of January 31, 2013.
Transaction In M2-9
a. (Sample) 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.

Assets Liabilities + Stockholders' Equity . Sample: Cash +3,940 Notes Payable (short-ter) +3,940