The following are the transactions of spotlighter, inc., for the month of january 2013:
(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 $1000 in equipment, paying $200 cash and promising the rest on a note due in one year.
(d) paid $300 cash for supplies.
(e) bought and received $700 of supplies on account.
post the effects to the appropriate t-accounts and determine ending account balances.

Emily sold the following investments during the year: stock date purchased date sold sales price cost basis a. 1,000 shares dot com co. 03-21-2007 02-04-2018 $20,000 $5,000 b. 500 shares big box store 05-19-2017 01-22-2018 $8,200 $7,500 c. 300 shares lotta fun, inc. 10-02-2017 09-21-2018 $3,000 $4,500 d. 700 shares local gas co. 06-17-2017 11-11-2018 $14,000 $17,000 for each stock, calculate the amount and the nature of the gain or loss.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.