Business, 17.09.2019 22:30 quise2ross
He 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. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
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He following are the transactions of spotlighter, inc., for the month of january: a. borrowed $4,94...
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