Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock for $15,000 that was deposited in The Wire account. [Note: Combine both transactions into one entry.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Transaction 3 A one-year store rental lease was signed on March 1 for $1,100 per month, and rent for the first 3 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first, and the complete March 31 adjusting entry second.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: > Dollar amount: Transaction 4 The owners paid $4,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: > Dollar amount: Account: