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Transaction 1 On March 1, the three classmates opened a checking account for The Wire...

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Accounting

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Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $21,000 in exchange for shares of stock. A few of their friends also purchased stock for $13,000 that was deposited in The Wire account. [Note: Combine both transactions into one entry.] Account: Dollar amount: Account: Dollar amount: Cash Account: Dollar amount: Accounts Receivable Account: Dollar amount: Inventory Account: Dollar amount: Prepaid Rent Submit Ans Fixtures and Equipment Post Dis Accounts Payable Send Feedback Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank

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