The following are the transactions of Spotlighter, Inc., for

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The following are the transactions of Spotlighter, Inc

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The following are the transactions of Spotlighter, Inc., for the month of January:

a.	Borrowed $4,940 from a local bank on a note due in six months.
b.	Received $5,630 cash from investors and issued common stock to them.
c.	Purchased $3,000 in equipment, paying $1,200 cash and promising the rest on a note due in one year.
d.	Paid $1,300 cash for supplies.
e.	Bought and received $1,700 of supplies on account.

Prepare journal entries for each transaction.

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