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Account: Cash 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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Account: Cash 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: Account: Account: Account: Account: tal On March 1, fixtures and equipment were purchased for $4,000 with a downpayment of $1,500 and a $2,500 note, payable in one year. Interest of 6% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 10 years with no expected salvage value. [Note: Record the complete March 1 entry for the equipment purchase first, the complete March 31 depreciation adjusting entry second, and the complete March 31 interest adjusting entry third.] Account: Cash Account: Fixtures and Equipment Account: Notes Payable Account: Fixtures and Equipment Account: Retained Earnings Account: Interest Payable Account: Retained Earnings Account: Leave Blank Dollar amount: Dollar amount: 4,000 Dollar amount: 2,500 Dollar amount: 33 Dollar amount: Dollar amount: Dollar amount: 1,500 Dollar amount: 33 12.5 12.5 Foil1=Leave%20Blank

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