On March 1, fixtures and equipment were purchased for $4,000 with a downpayment of $2,000 and a $2,000 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.]

Transaction 6 Wages and salaries in March were $10,000, of which $8,200 was actually paid to employees. Account: Cash Dollar amount: 8200 Account: ( Wages Payable Dollar amount: -2800 Account: Retained Earnings Dollar amount: -10000 Account: Leave Blank Dollar amount: Foil1=Leave%20Blan Account: | Leave Blank Dollar amount: Foil1=Leave%20Blan Submit Answer Incorrect. Tries 1/5 Previous Tries