Account options: Account oprions:

dturesandest of45%pealvage value Deprerchase firstanswersto the ne On March 1, fixtures and equipment were purchased for $5,000 with a downpayment of $1,000 plus a $4,000 note payable in one year. Interest of 4.5% per year is due when the note is repaid. The estimated life of the fixtures and equipment is 9 years with no expected salvage value. Depreciation on the fixtures and equipment is computed on a straight-line basis. [Note: Record the March 1 equipment purchase first, then the March 31 depreciation adjusting entry, and finally the March 31 interest adjusting entry. Also, round all answers to the nearest cent.] Dollar amount: 5000 Account Account Account Account Account Account Account Account Fixtures and Equipment Cash Dollar amount: 1000 Notes Payable Dollar amount: 4000 Fixtures and Equipment Dollar amount: Retained Earnings Dollar amount: Interest Payable Dollar amount: Retained Earnings Dollar amount: Leave Blank Dollar amount: Foil 1-Leave%20Blank Submit Answer Some items were not submitted. Tries 0/8 Previous Tries