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I hope the picture is seeable This was wrong and I don't really understand why. This is due in 2 hours so if you could
I hope the picture is seeable
This was wrong and I don't really understand why.
This is due in 2 hours so if you could help that would be great ! I will rate highly.
Transaction 8 On March 1, fixtures and equipment were purchased for $6,000 with a downpayment of $2,000 and a $4,000 note, payable in one year. Interest of 4% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 8 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: Cash Dollar amount: -2000 Account: Fixtures and Equipment Dollar amount: 6000 Account: Notes Payable Dollar amount: 4000 Account: Fixtures and Equipment Dollar amount: 62.5 Account: Retained Earnings Dollar amount: -62.5 Account: Fixtures and Equipment Dollar amount: 13.3 Account: Retained Earnings Dollar amount: -13.3 Account: Leave Blank Dollar amount: Foil1=Leave%20BlankStep by Step Solution
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