2 a. (Sample) Borrowed $4,140 from a local bank on a note due in six months. b. Received $4,830 cash from investors and issued common stock to them. c. Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. d. Paid $400 cash for supplies. e. Bought and received $800 of supplies on account. a. b. C. Required: The following are the transactions of Spotlighter, Incorporated, for the month of January. For each transaction, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) C. d. d. e. Cash Cash Equipment Supplies Supplies Assets 4,140 4,830 = 1,200 = (400) 800 X > = = = = Notes Payable (short-term) Common Stock Cash Cash Accounts Payable Answer is not complete. Liabilities > 4,140 4,830 x 300 X (400) X 800 + + + + + + + pletion. Return t Stockholders

Required: The following are the transactions of Spotighter, Incorporated, for the month of January. For each transaction, indicate the occounts. amounts, and direction of the effects on the accounting equation. A sample is provided. (Enter any decreases to account balances with a minus sign.) a. (Sample) Borrowed $4,140 from a local bank on a note due in six months. b. Received $4,830 cash from investors and issuted common stock to them. c Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one yoar: d. Paid $400 cash for supplies. e. Bought and recelved $800 of supplies on account