Steven Lewis engaged in the following activities in establishing his photography studio, Sheridan:

$1.$ Opened a bank account in the name of Sheridan and deposited $$8,290$ of his own money into this account in exchange for common stock.

$2.$ Purchased photography supplies at a total cost of $$980.$ The business paid $$390$ in cash, and the balance is on 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 enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$