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Business, 08.10.2019 03:30 Fatoucham1200

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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The following are the transactions of spotlighter, inc., for the month of january: a. borrowed $4,94...
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