DeQuan Matthews started a sports travel business to help college students travel to out of town sporting events. He engaged in the following activities to establish Sports to Go.
1. Deposited $10,000 of his own money into the business as the initial investment.
2. Purchased computer equipment on account (to be paid in 30 days) for a total cost of $5,200.
3. Contacted various app developers to determine if he would hire them to create the app for his company.
Prepare the entries to record the transactions. (Omit explanations.)