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Steven Lewis engaged in the following activities in establishing his photography studio, Sheridan: 1 . Opened a bank account in the name of Sheridan and
Steven Lewis engaged in the following activities in establishing his photography studio, Sheridan:
Opened a bank account in the name of Sheridan and deposited $ of his own money into this account in exchange for common stock.
Purchased photography supplies at a total cost of $ The business paid $ in 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 enter 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.
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