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 issued stock to interested investors. They plan on creating monthly financial statements.

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, and the amount of the increase or decrease.

This is the drop-down menu options for the account side: Cash, Accounts receivable, inventory, prepaid rent, fixtures and equipment, accounts payable, interest payable, wages payable, notes payable, paid in capital, retained earnings, leave blank

adjusting entry second, and the complete March 31 interest adjusting entry thind.] Cash dividends totaling $4,200 were paid to stockholders on March 31