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Transaction 8 On March 1, fixtures and equipment were purchased for $6,000 with a downpayment of $1,500 and a $4,500 note, payable in one year.
Transaction 8 On March 1, fixtures and equipment were purchased for $6,000 with a downpayment of $1,500 and a $4,500 note, payable in one year. Interest of 4% 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 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.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Dollar amount: Account: Account: Dollar amount: Dollar amount: Account: Account: Dollar amount: Account: Dollar amount: Submit Ansi Threaded Export v Other Views... My general preferences on what is marked as NEL Mark NEW posts no longer ne Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payabla Interest Payable Wages Payable Nates Payabla Paid-in Capital Retained Earnings Leave Plank NEW Qu Reply (Sat Apr 11 10:50:55 pm 2020 (EDT)) Not 9 n I had Cash (-2000), Fixtures and Equipment(+4500) and accounts payable (+2500). I did not include RE because that would have been
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