Transaction 3 A one-year store rental lease was signed on March 1 for $1,200 per month, and rent for the first 2 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.] Account: Dollar amount: Dollar amount: Account: Account: Account: Dollar amount: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 Transaction 4 The owners paid $2,000 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 $6,500 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: Dollar amount: Submit Answer Tries 0/5 Transaction 5 Sales were $80,000. Cost of merchandise sold was 50% of sales. 40% of sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 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 $11,000 that was deposited in The Wire account. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Ansi v Other Threaded Views Export Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank My_general preferences on what is marked as NEW Mark NEW posts no longer new NEW Qu Reply (Sat Apr 11 09:34:28 pm 2020 (EDT)) I di 24 Retained Earning Both as +83,000 which would be