On March 1, factures and equipment were purchased for $5,500 with a downpayment of $1,500 and a $4,000 note, payable in one year. Interest of 4.5% per year was due when the note was repaid. The estimated life of the futures and equipment is 3 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 Dollar amount Accounti B Dollar amount: Account: Dollar amount Account: B Dollar amount Account Dollar amount Accounti Dollar amount Account Dollar amount Account: Dollar amount The ee former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company. The Wire, and issued stock to interested investors. They plan on creating monthly financial statements Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts for The Wire that are affected, whether they Increase or decrease, and the amount of the increase or decrease. YOU MUST FOLLOW THE UNSTRUCTIONS BELOW. IF YOU DONT, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND WILL NOT GIVE YOU CREDIT 1. Mer each transaction description, there are several Account submission boxes and corresponding Amount submission boxes. To Indicate the accounts that you think are affected choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, If you think that Cash and Inventory are affected by articular transaction, you must record the effect on the cash account first and the effect on the Inventory account second, since that is the order in which they are listed in the drop-down menu. If you record de Inventory effect test and the Cash effect second, even if they are the correct accounts with the correct doar amounts, your 2. When you record the dollar amounts, be sure to use a mossign to indicate a decrease in the account. You don't need to use a plussion to indicate an increase. Also, don't use a le sign spaces 2. There are als more Account and mount si bes available than are necessary: When you have indicate all the accounts that are affected by the transaction select "Leave Bank from the drop-down menu for EACH of the remaining Account sobression boxes you can leave the mountbowesbank) 4. For transactions 1.3.4.5. 8. You are herstructions. Read and flow them 6. The entries for transaction is worth points. The entries for each of the other transactions are worth 2 portes 5. You get the forest complete