Boyd Docker engaged in the following activities in establishing his photography studio, SnapShot!:

1.Opened a bank account in the name of SnapShot! and deposited $8,750 of his own money into this account in exchange for common stock.2.Purchased photography supplies at a total cost of $940. The business paid $310 in cash, and the balance is on account.3.Obtained estimates on the cost of photography equipment from three different manufacturers.

In what form (type of record) should Joel record these three activities?

Income Statement

T-accounts

General Journal

General Ledger

Balance Sheet

Trial Balance

Statement of Retained Earnings

Prepare the entries to record the transactions.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanatio

Debit Credit

1.

2.

3.