Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $25,000 in exchange for shares of stock. A few of their friends also purchased stock for $12,000 that was deposited in The Wire account. [Note: Combine both transactions into one entry.] Account: Cash Account: Cash Account: Cash Account: Accounts Receivable Inventory Prepaid Rent Account: Fixtures and Equipment Accounts Payable Interest Payable Submit Ans Wages Payable Notes Payable Threaded Paid-in Capital Export Retained Earnings Leave Blank Dollar amount: 25000 Dollar amount: 25000 Dollar amount: Foil3=Cash Dollar amount: Foil1-Paid%2din%20Capita Dollar amount: hot submitted. Tries 0/5 Previous Tries Other Views ... My general preferences on what is marked as NEW Mark NEW posts no longer new