John Williams engaged in the following activities in establishing his photography studio, Crane:\ Opened a bank account in the name of Crane and deposited

$8,510

of his own money into this account in exchange for common stock.\ Purchased photography supplies at a total cost of

$900

. The business paid

$210in

cash, and the balance is on account.\ Obtained estimates on the cost of photography equipment from three different manufacturers.\ Prepare the journal entries to record the transactions. (If no entry is required, select "No entry" for the account titles and ent for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. L all debit entries before credit entries.)\ No. Account Titles and Explanation\ Debit\ Credit\ 1.

John Williams engaged in the following activities in establishing his photography studio, Crane: 1. Opened a bank account in the name of Crane and deposited $8,510 of his own money into this account in exchange for common stock. 2. Purchased photography supplies at a total cost of $900. The business paid $210 in cash, and the balance is account. 3. Obtained estimates on the cost of photography equipment from three different manufacturers. Prepare the journal entries to record the transactions. (If no entry is required, select "No entry" for the account titles and en for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. all debit entries before credit entries.)