Jason Young engaged in the following activities in establishing his photography studio, Blossom: 1. Opened a bank account in the name of Blossom and deposited $7,980 of his own money into this account in exchange for common stock. Purchased photography supplies at a total cost of $950. The business paid $400 in cash, and the balance is on account. Obtained estimates on the cost of photography equipment from three different manufacturers. 2. 3.

Jason Young engaged in the following activities in establishing his photography studio, Blossom: 1. Opened a bank account in the name of Blossom and deposited $7,980 of his own money into this account in exchange for common stock. 2. Purchased photography supplies at a total cost of $950. The business paid $400 in cash, and the balance is on account. 3. Obtained estimates on the cost of photography equipment from three different manufacturers. No. Account Titles and Explanation Debit Credit 1. 2. 3