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 6% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 9 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: Cash Dollar amount: -1500

Account: Fixtures and Equipment Dollar amount: 4000

Account: Notes Payable Dollar amount: 2500

Account: Fixtures and Equipment Dollar amount:

Account: Retained Earnings Dollar amount:

Account: Interest Payable Dollar amount:

Account: Retained Earnings Dollar amount:

Account: Leave Blank Dollar amount: