Three former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company, The Wire, and sued to wterested investors. They non 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, 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, 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, since 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 minus sign to indicate a decrease in the account. You don't need to use a plus sign to indicate an increase. Also, don't use a dollar or Space 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 avant from the drop-down menu for EACH of the remaining Account submission boxes (you can leave the "Amount hones blank) 4. For transactions 1, 3, 4, 5, and 8, you are given 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 2 The company quickly acquired $39,000 in inventory, 70% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days Account Dollar amount Account: Dollar amount Account: Dollar amounts Account: Dollar amount Account: Dollar amount