B B 0700195% 8:16 s1.lite.msu.edu/res/ms 6 Info Transaction 8 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 7% 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.] Dollar Account: Cash amount: -1500 Dollar Account: Fixtures and Equipment amount: 4000 Dollar Account: Notes Payable amount: 2500 Dollar Account: amount: Fixtures and Equipment 27 Dollar Account: Retained Earnings amount: 27 Dollar Account: Interest Payable amount: 23. Dollar Account: Retained Earnings amount: 23.33 Leave Blank Dollar Account: amount: *** 1 . Tries 2/8 XEBE