Question: i cant figure this out what am i doing wrong? The following are the transactions of Spotighter, Incorporated, for the month of January. a. Borrowed
The following are the transactions of Spotighter, Incorporated, for the month of January. a. Borrowed $4,640 from a local bank on a note due in six months. b. Received $5,330 cash from investors and issued common stock to them. c. Purchased $1,700 in equipment, paying $550 cash and promising the rest on a note due in one year. d. Paid $650 cash for supplies. e. Bought and received $1,050 of supplies on account. Required: Prepare a classified balance sheet for Spotlighter, Incorporated, as of January 31
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