Waterway engaged in the following activities in establishing his photography studio, blue spruce:

Waterway engaged in the following activities in establishing his photography studio, Blue Spruce: 1. Opened a bank account in the name of Blue Spruce and deposited $5,500 of his own money into this account as his initial investment. 2. Purchased photography supplies at a total cost of $1,200. The business paid $580 in cash and the balance is on account. 3. Obtained estimates on the cost of photography equipment from three different manufacturers. Indented when amount is entered. Do not Indent manually. If no entry Is required, select "No Entry" for the occount titles and enter O for Ginounts)