Transaction 1

On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $24,000 in exchange for shares of stock. A few of their friends also purchased stock for $15,000 that was deposited in The Wire account.

Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:

please note which are negative