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 $13,000 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: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Account: Dollar amount: Send Feedback