Transaction 8 [4 points] 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 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: -2000 Account: Fixtures and Equipment v Dollar amount: 4000 Account: Notes Payable Dollar amount: 2000 Account: Fixtures and Equip entv Dollar amount: -37.04 Account: Interest Payable Dollar amount: 10 Account: Retained Earnings Dollar amount: -37.04 Account: Retained Earnings Dollar amount: -10 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 2/5 Previous Tries