Three former college classmates have decided to pool a variety of work experien

Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell
wireless equipment to students. The business has been incorporated as University Wireless.

Transaction 2

The corporation quickly acquired $38000 in inventory 40% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in
cash.

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

For account parts you should choose from options below:Cash
Accounts Receivable
Inventory
Prepaid Rent
Fixtures and equipments
Accounts Payable
Interest Payable
Wages Payable
Notes Payable
Paid-in Capital
Retained Earnings
Leave Bank