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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
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. |
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