Question: 4. (a, b, c, d, e) The following are the transactions of Spotlighter. Inc., for the month of January: Borrowed $4, 040 from a local

4. (a, b, c, d, e)

4. (a, b, c, d, e) The following are the transactions of

The following are the transactions of Spotlighter. Inc., for the month of January: Borrowed $4, 040 from a local bank on a note due in six months. Received $4, 730 cash from investors and issued common stock to them. Purchased $1, 100 in equipment, paying $250 cash and promising the rest on a note due in one year. Paid $350 cash for supplies. Bought and received $750 of supplies on account. Prepare a classified balance sheet for Spotlighter. Inc., as of January 31

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