Business, 15.04.2020 02:46, luella614ox1zum
The following are the transactions of Spotlighter, Inc., for the month of January. a. 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 $1000 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. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero.
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The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $3,94...
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