Transaction 8 On March 1, fixtures and equipment were purchased for $5,500 with a downpayment of $1,500 and a $4,000 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 8 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: Cash Dollar amount: Account: Accounts Receivable Inventory Prepaid Rent Account: Dollar amount: Fixtures and Equipment Dollar amount: Account: Accounts Payable Interest Payable Dollar amount: Account: Wages Payable Notes Payable Paid-in Capital Retained Earnings Dollar amount: Account: Dollar amount: Account: Leave Blank Dollar amount: Account: Tries 0/5 Submit