Vaughn engaged in the following activities in establishing his photography studio, Pina Colada: 1. 2. 3....

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Vaughn engaged in the following activities in establishing his photography studio, Pina Colada: 1. 2. 3. Opened a bank account in the name of Pina Colada and deposited $6,100 of his own money into this account as his initial investment. Purchased photography supplies at a total cost of $1,600. The business paid $590 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Vaughn engaged in the following activities in establishing his photography studio, Pina Colada: 1. 2. 3. Opened a bank account in the name of Pina Colada and deposited $6,100 of his own money into this account as his initial investment. Purchased photography supplies at a total cost of $1,600. The business paid $590 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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