M2-9 determining financial statement effects of several transactions [lo 2-2] for each of the following transactions of spotlighter, inc., for the month of january, indicate the accounts, amounts, and direction of the effects on the accounting equation. a sample is provided. (enter any decreases to account balances with a minus sign.) (sample) borrowed $3,940 from a local bank on a note due in six months. received $4,630 cash from investors and issued common stock to them. purchased $1,000 in equipment, paying $200 cash and promising the rest on a note due in one year. paid $300 cash for supplies. bought and received $700 of supplies on account

 Assets                   =          Liabilities          +          Stockholder's

                                                                                       Equity

(a) cash = $3,940             Notes payable = $3,940

                                         (short term)

(b) cash = $4,630                                                       Common

                                                                                  stock =$4,630

(c) Equipment = $1000     Notes payable = $800

   Cash = (-$200)               (short term)

(d) Supplies = $300

    Cash = (-$300)

(e) Supplies = $700          Accounts receivable = $700

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; blank(1); /rises; blank(2); //increases;