Question: On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $24,000 in exchange for shares

On March 1, the three classmates opened a checking account for the company at a local bank. They each deposited $24,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $12,000 that was deposited in the company account

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