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Business, 24.09.2019 03:00 EllaLovesAnime

The following are the transactions of spotlighter, inc., for the month of january. borrowed $4,940 from a local bank on a note due in six months. received $5,630 cash from investors and issued common stock to them. purchased $2,000 in equipment, paying $700 cash and promising the rest on a note due in one year. paid $800 cash for supplies. bought and received $1,200 of supplies on account. prepare a classified balance sheet for spotlighter, inc., as of january 31.

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