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Transaction 8 (4 points) On March 1, fatures and equipment were purchased for $4,000 with a downpayment of $1,000 and a $3,000 note, payable

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Transaction 8 (4 points) On March 1, fatures and equipment were purchased for $4,000 with a downpayment of $1,000 and a $3,000 note, payable in one year. Interest of 6.5% per year was due when the note was reped. The estimated fe of the fixtures and equipment is 12 years with no expected salvage value [Note: Record the complete March 1 entry for the equipment purchase first, the cometete March 31 depreciation adjusting entry second and the complete March 31 interest adjusting entry thi Accounti Account Account Dellar amount Dollar amount Dollar amount: Dollar amount Account Account: Dollar amount: Account Dollar amount Account Dollar amount: Account: Dollar amount: Submit Answer Tries 0/61

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