The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,040...

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The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,040 from a local bank on a note due in six months. b. Received $4,730 cash from investors and issued common stock to them. c. Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. d. Paid $400 cash for supplies. e. Bought and received $800 of supplies on account. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Borrowed $4,040 from a local bank on a note due in six months. Record the transaction. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal Journal entry worksheet 1 2 Transaction b 3 Received $4,730 cash from investors and issued common stock to them. Record the transaction. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 1 2 Transaction с 3 Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. Record the transaction. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet 1 2 3 Note: Enter debits before credits. Paid $400 cash for supplies. Record the transaction. Transaction d 4 Record entry 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 1 2 3 Note: Enter debits before credits. Bought and received $800 of supplies on account. Record the transaction. Transaction 4 Record entry 50 General Journal Clear entry Debit Credit View general journal > The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,040 from a local bank on a note due in six months. b. Received $4,730 cash from investors and issued common stock to them. c. Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. d. Paid $400 cash for supplies. e. Bought and received $800 of supplies on account. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Borrowed $4,040 from a local bank on a note due in six months. Record the transaction. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal Journal entry worksheet 1 2 Transaction b 3 Received $4,730 cash from investors and issued common stock to them. Record the transaction. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 1 2 Transaction с 3 Purchased $1,200 in equipment, paying $300 cash and promising the rest on a note due in one year. Record the transaction. Note: Enter debits before credits. Record entry 4 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet 1 2 3 Note: Enter debits before credits. Paid $400 cash for supplies. Record the transaction. Transaction d 4 Record entry 5 General Journal Clear entry Debit Credit View general journal > Journal entry worksheet < 1 1 2 3 Note: Enter debits before credits. Bought and received $800 of supplies on account. Record the transaction. Transaction 4 Record entry 50 General Journal Clear entry Debit Credit View general journal >

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Transaction General Journal Debit Credit a Cash Ac Dr 40... View the full answer