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On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $2,000...

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Accounting

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On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $2,000 and a $2,500 note, payable in one year Interest of 6.5% per year was de when the note was repaid. The estimated We of the fixtures and equipment is 10 years with no expected salvage value. Note: Record the complete March 1 entry for the comment purchase in the compte March 31 depreciation adjusting entry second, and the complete March 31 Interest adjusting entry thiedi Account: Dollar amount: Account: D Dollar amount: Accounti D Dollar amount: Account Dollar amounti Accounti B Dollar amount: Account: D Dollar amount Account D Dollar amount Account: D Dollar amount

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