On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $23,000 in exchange for shares of stock. 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.]

options for account: Cash, accounts receivable, inventory, prepaid rent, fixtures and equipment, accounts payable, interest payable, wages payable, notes payable, paid-in-capital, retained earnings, leave blank

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