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please clarify the dollar amount for each acciunt Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a

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Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $22,000 in exchange for shares of stock. A few of their friends also purchased stock for $11,000 that was deposited in The Wire account. Dollar amount: Dollar amount: Dollar amount: Account: Cash Account: Accounts Receivable Inventory Account: Prepaid Rent Fixtures and Equipment Accounts Payable Account: Interest Payable Wages Payable Account: Notes Payable Paid-in Capital Submit Ans Retained Earnings Leave Blank Dollar amount: Dollar amount: Transaction 2 The company quickly acquired $38,000 in Inventory, 30% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: 0 Dollar amount: Account: D Dollar amount: Account Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction A one-year store rental lease was signed on March 1 for $1,200 per month, and rent for the first 4 months was paid in advance. (Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Accounts Dollar amounts Account: Dollar amount

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