Question $(1)$After recording the transactions in the journal, please post the accounts to the ledger $($T$-$Account$).$For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.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.

Question $(2)$

After recording the transactions in the journal, please post the accounts to the ledger $($T$-$Account$).$J$.$K$.$ Builders was incorporated on July $1.$ Prepare journal entries for the following events from the first month of business. If the event is not a transaction, write $"$no transaction."a$.$Received $$70,000$ cash invested by owners and issued common stock.b$.$Bought an unused field from a local farmer by paying $$60,000$ cash. As a construction site for smaller projects, it is estimated to be worth $$65,000$ to J$.$K$.$ Builders.c$.$ A lumber supplier delivered lumber supplies to J$.$K$.$ Builders for future use. The lumber supplies would have normally sold for $$10,000,$ but the supplier gave J$.$K$.$ Builders a $10$ percent discount. J$.$K$.$ Builders has not yet received the $$9,000$ bill from the supplier.d$.$Borrowed $$25,000$ from the bank with a plan to use the funds to build a small workshop in August. The loan must be repaid in two years.