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On March 1, fixtures and equipment were purchased for $5,500 with a downpayment of $2,000 and...

On March 1, fixtures and equipment were purchased for $5,500 with a downpayment of $2,000 and a $3,500 note, payable in one year. Interest of 4.5% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 12 years with no expected salvage value. [Note: Record the complete entry for the March 1 equipment purchase first, the March 31 depreciation adjusting entry second, and the March 31 interest adjusting entry third. Also, round all answers to the nearest cent.]

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account Options are Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank

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