2 Homework Saved Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio 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.) 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 common stock to them. c. Purchased $1,000 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. Answer is not complete. Assets Liabilities a Cash 3,940 Notes Payable (short-term) b. Cash C Equipment C. Cash d Cash d Supplies e. Supplies 000000 B Notes Payable (short-term) M Notes Payable (short-term) W B Stockholders" 3.940 * + + + + + < Prev 11 of 16 Next > tv A