View Policies Current Attempt in Progress Kenneth Clark engaged in the following activities in establishing his photography studio, SnapShot!: 1. Opened a bank account in the name of SnapShot! and deposited $7,260 of his own money into this account in exchange for common stock. Purchased photography supplies at a total cost of $920. The business paid $270 in cash, and the balance is on account. Obtained estimates on the cost of photography equipment from three different manufacturers. 2. 3. Prepare the 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 amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. Save for Later Attempts: 0 of 1 used Submit