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Ron Tost engaged in the following activities in establishing his photography studio, Shutter Bug: 1. Opened a bank account in the name of Shutter Bug

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Ron Tost engaged in the following activities in establishing his photography studio, Shutter Bug:

1. Opened a bank account in the name of Shutter Bug and deposited $5,500 of his own money into this account as his initial investment.
2. Purchased photography supplies at a total cost of $1,700. The business paid $690 in cash and the balance is on account.
3. Obtained estimates on the cost of photography equipment from three different manufacturers.


Question 1 of 3 > 0.15/1 Current Attempt in Progress Ron Tost engaged in the following activities in establishing his photography studio, Shutter Bug 1. 2. 3. Opened a bank account in the name of Shutter Bug and deposited $5,500 of his own money into this account as his initial investment Purchased photography supplies ata total cost of $1,700. The business paid $690 in cash and the balance is on account. Obtained estimates on the cost of photography equipment from three different manufacturers. Your answer is incorrect. In what form (type of record) should Tom record these three activities? O General Journal General Ledger OT-Accounts O Chart of Accounts O Trial Balance renaunch 56616460-9300-4907-bed-d4dc6841bb01/question/ MOO YouTube Homework Chapter 2 Question 1 of 3 0.15/1 E Your answer is partially correct. Prepare the entries to record the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1 2. 3. e Textbook and Media List of Accounts

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