cash, accounts receivable, inventory, prepaid rent, fixtures and equipment , accounts payable, interest payable, wages payable, notes payable, paid in capital, retained earnings

Transaction 8 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 6.5% 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 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: Fixtures and Equipment Dollar amount: 5500 Account: Cash Dollar amount: 2000 Account: Notes Payable Dollar amount: 3500 Account: Fixtures and Equipment Dollar amount: -458 Account: Retained Earnings Dollar amount: 458 Retained Earnings Dollar amount: -190 Account: Account: Interest Payable Dollar amount: 190 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 2/8 Previous Tries