Transaction 1
On March 1, the three classmates opened a checking account for thecompany at a local bank. They each deposited $25,000 in exchangefor shares of stock. A few of their friends also purchased stocktotaling $14,000 that was deposited in the company account.
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank)
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank)
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollaramount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollar amount:
Transaction 1
On March 1, the three classmates opened a checking account for thecompany at a local bank. They each deposited $25,000 in exchangefor shares of stock. A few of their friends also purchased stocktotaling $14,000 that was deposited in the company account.
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank)
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank)
Dollar amount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollaramount:
Account: (Cash Accounts Receivable InventoryPrepaid Rent Fixtures and Equipment Accounts Payable InterestPayable Wages Payable Notes Payable Paid-in Capital RetainedEarnings Leave Blank )
Dollar amount:
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