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1. On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $21,000 in exchange for

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On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $21,000 in exchange for shares of stock. A few of their friend purchased stock totaling $15,000 that was deposited in the Company account

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