Question
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
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
Trabsarman it that was deposited in The Wire account. [Note: Combine Doch trancactions into one entry.] Acceuntr Dolliar amounti Acceunti Dollar anount Acceunt Dollsr ameunt: Account Dollar amount: Account: Dollar amount: Transection 2 The corpoery quickly acoubed 539,000 in inventory, 60% of which was acquired on open accounts thet were payable sher 30 deys. The reet was paid for in cash. Account: Dolfar ansosint Account: Dellar amesesti Accountr Dollar amount! Account: Dollar amsount: Account: Dollar amounti
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
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