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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Answer from: hawleyemily

Explanation:

Cash Supplies

Beg. Bal. Beg. Bal.

Notes Payable3940 Cash 300

Contributed capital 4630 Accounts Payable 700

Equipment 200

Supplies 300 End. Bal.1000

End. Bal. 8070

Accounts Payable

Contributed Capital

Equipment Beg. Bal.

Beg. Bal. Supplies 700

Cash 200

Notes Payable 800 End. Bal. 700

End. Bal. 1000

Notes Payable Beg. Bal.

Beg. Bal. Cash 4630

Cash 3940

Equipment 800

End. Bal. 4630

End. Bal. 4740

Trial Balance

Debit Credit

Cash 8070

Supplies 1000

Equipment 1000

Accounts Payable 700

Notes Payable 4740

Contributed Capital 4630

Total 10070 10070

Answer from: Quest

enlightenment impacted society by introducing the idea that mankind could use reason to discover the laws of the world and the rights of mankind. these ideals affected all factions of society, from politics to religion.

Answer from: Quest

the first one $24,630

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