The following are the transactions of Spotlighter Inc. for the month of January 2010:
a. Borrowed $3,940 from a local bank on a note due in six months.
b. Received $4,630 cash from investors and issued stock to them.
c. Purchased $920 in equipment, paying $190 cash and promising the rest on a note due in one year.
d. Paid $372 cash for supplies.
e. Bought $700 of supplies on account.