Create an Aqua Logo

- Open a new file of 500x500 and fill it with #57616f

- Create a new layer (name it big circle) and draw a circle of 300 by 300 pixels with the elliptical marquee tool and fill it with #96a4b7

- Create a new layer (name it small circle) and draw another circle, but this time 150 by 150 pixels in size and fill it with #cfd9e7

Position the two circles as shown in the screenshot:



- Select the 'big circle' layer and go to Layer > Layer Styles and change the following settings:





- Right click on the 'big circle' layer and select 'copy layer style'

- Now, select and right click on the 'small circle' layer and select 'Paste layer style'

All that the small circle still needs is a stroke, so go back to Layer > Layer Style and add an outside stroke of 1px with #57616f as the color.

You should end up with this:



- Create a new layer (name it waves) and select the Rectangular Marquee Tool

- Draw a rectangle with a Fixed Size of 280px wide and 15px high. Fill this selection with white

- Duplicate this layer 2 times and position the bars as shown below:



- Merge these 3 wave layers by selecting them while holding down Ctrl and right-click > Merge Layers in the layer window

- Go to Edit > Transform > Warp and apply a 'Flag' warp with a bend of 25%

- Select your 'small circle' layer again and copy the Layer Style like you did earlier and apply it to the 'waves' layer

- Possition the 'waves' layer as shown below:



Now for the text part...

- select your text tool and pick 'Monotype Corsiva' as the font (you're free to use what font you want but I feel that this one suits best)
Use these settings for the font:



- Rasterize the layer by right-clicking on it and paste the 'small circle' layer style on it

- Now possition the layer as shown in the screenshot:



Almost there!

- Select the 'big circle' layer and create a circle of 240px by 240px with the Elliptical Marquee Tool

- Possition it as shown below:



- Press Delete and your done


Final result: