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On March 1 , the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for

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On March 1 , the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock for $12,000 that was deposited in The Wire account. [Note: Combine both transactions into one entry.]

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