Content Three former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company. The Wre, and issued stock ta interested investors. They plan on creating monthly financial statements Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts for The Wire that are affected, whether they increase or decrease, and the amount of the increase or decrease. YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DONT, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND WILL NOT GIVE YOU CREDIT 1. After each transaction description, there are several Account submission boxes and corresponding Amount submission boxes To Indicate the accounts that you think are affected, choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, If you think that cash and Inventory are affected by a particular transaction, you must record the effect on the Cash account first and the effect on the Inventory account second, nice that is the order in which they are listed in the drop-down menu. If you record the Inventory effect first and the Cash effect second, even if they are the correct accounts with the correct dollar amounts, your answer will be considered wrong 2. When you record the dollar amounts, be sure to use a mission to indicate a decrease in the account. You don't need to use a pus sign to indicate an increase. Also, don't use dollar sign or spaces 3. There are always more "Account and Amount submission boxes available than are necessary. When you have indicated all the accounts that are affected by the transaction, select "Leave Blank from the drop-down menu for EACH of the remaining Account submission boxes (you can leave the amount boxes blank 4. For transactions 1, 3, 4, 5, and B. you are even additional instructions. Read and follow them 5. You get 5 tries for each complete entry 6. The entries for transaction is worth 4 points. The entries for each of the other transactions are worth 2 points Transaction On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $25,000 in exchange for shares of stack. A few of their friends also purchased stock for $15,000 that was deposited in The Wire account. (Note: Combine both transactions into one entry) Accounti Dollar amount: Account: Dollar amount: Account Dollar amount: Account: Dollar amount Account: Dollar amount Button Tries 0/5