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I am not understanding how to do this correctly. I have some of this but it isn't complete.
The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,590 from a local bank on a note due in six months b Received $5,280 cash from investors and issued common stock to them. c. Purchased $2,300 in equipment, paying $850 cash and promising the rest on a note due in one year. d Paid $950 cash for supplies e Bought and received $1,350 of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending account balances Show a beginning balance of zero ok Cash Supplies sk Debit Credit Debit Credit HEITAR Beginning Balance Beginning Balance 0 950 1,350 Ending Balance Ending Balance 2,300 Accounts Payable Beginning Balance Beginning Balance Ending Balance Ending Balance Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance < Prev rint erences Mc Graw 14:11 4,590 5,280 8,070 Equipment 2,300 2,300 Notes Payable (short-term) 0 Debit 950 d 850 c Debit Credit Credit 1,450 c 4,590 a S 6,040 Debit Debit Credit 1,350 e. 1,350 Credit 5,280 b. 5,280 6 of 12 HE Ne