please explain you step by step process

Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $22,000 in exchange for shares of stock. A few of their friends also purchased stock for $11,000 that was deposited in The Wire account. Dollar amount: Dollar amount: Dollar amount: Account: Cash Account: Accounts Receivable Inventory Account: Prepaid Rent Fixtures and Equipment Accounts Payable Account: Interest Payable Wages Payable Account: Notes Payable Paid-in Capital Submit Ans Retained Earnings Leave Blank Dollar amount: Dollar amount