Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 6.00

Spotlighter, Inc.

The following are the transactions of Spotlighter, Inc., for the month of January 2013:

 

I am stuck. I get it done but says my equipment line is wrong. Can someone please do this problem so i can see where i am messing up. Thanks

 

a. Borrowed $5,540 from a local bank on a note due in six months.
b. Received $6,230 cash from investors and issued stock to them.
c. Purchased $2,600 in equipment, paying $1,000 cash and promising the rest on a note due in one year.
d. Paid $1,100 cash for supplies.
e. Bought and received $1,500 of supplies on account.

Prepare a classified balance sheet for Spotlighter Inc. as of January 31, 2013.

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 09:09 PM My Price 6.00

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