On March 1, fixtures and equipment were purchased for $6,000 with a downpayment of $1,000 and a $5,000 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: -1000 Account: Fixtures and Equipment Dollar amount: 6000 Account: Notes Payable Dollar amount: 5000 Account: Fixtures and Equipment Dollar amount: -50 Account: Retained Earnings Dollar amount: -50 Account: Interest Payable Dollar amount: 25 Account: Retained Earnings Dollar amount: -25 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer You have entered that answer before Incorrect. Tries 3/5 Previous Tries