Homework Question 3 of 10 < > Current Attempt in Progress Your Answer Correct Answer 0.75/1 E Your answer is partially correct. Tom Rasta engaged in the following activities in establishing his photography studio, Picture This! Indicate the accounts to be debited and credited for each transaction. Select "Not Applicable" if no account is debited or credited. (Enter answers in alphabetical order.) Account Debited Account Credited 1. Opened a bank account in the name of Picture This! and deposited $6,300 of his own money into this account as his initial investment. Cash Owner's Capital 2. Purchased photography supplies at a total cost of $1,100. The business paid $400 in cash and the balance is on account. Supplies Accounts Payable Service Revenue Not Applicable 3. Obtained estimates on the cost of photography equipment from three different manufacturers. Not Applicable Not Applicable eTextbook and Media Save for Later Attempts: 7 of 9 used Submit Answer