M2-9 (Static) Determining Financial Statement Effects of Several Transactions (LO 2-2] 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) 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. Pald $300 cash for supplies. e. Bought and received $700 of supplies on account. Assets Cash Cash Stockholders' Equity Little 3.940 - Nos Puyatle short term) 8.070 - Account Pays 1000 - Payale horlam) 1.000 us 3.10 - 700 - Common Stock 4740 4.630 . (Prey 4 of 19 Nav