On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $10,000 that was deposited in the company account

Transaction 1 On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $10,000 that was deposited in the company account. Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account