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On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $1,000 and a $3,500 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 10 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.](choose an option for the account and answer the dollar amount based on the account)

1) Account: Dollar Amount:

A)Cash b) Account receivable C) Inventory D) Repaid rent E) Fixture and Equipment F) Account Payable G) Interest Payable H) Wages payable I) Notes payable K) Paid in capital L) Retained Earning M) Leave Blank

2)Account: Dollar Amount:

A)Cash b) Account receivable C) Inventory D) Repaid rent E) Fixture and Equipment F) Account Payable G) Interest Payable H) Wages payable I) Notes payable K) Paid in capital L) Retained Earning M) Leave Blank

3)Account: Dollar Amount:

A)Cash b) Account receivable C) Inventory D) Repaid rent E) Fixture and Equipment F) Account Payable G) Interest Payable H) Wages payable I) Notes payable K) Paid in capital L) Retained Earning M) Leave Blank

4)Account: Dollar Amount:

A)Cash b) Account receivable C) Inventory D) Repaid rent E) Fixture and Equipment F) Account Payable G) Interest Payable H) Wages payable I) Notes payable K) Paid in capital L) Retained Earning M) Leave Blank

5)Account: Dollar Amount:

A)Cash b) Account receivable C) Inventory D) Repaid rent E) Fixture and Equipment F) Account Payable G) Interest Payable H) Wages payable I) Notes payable K) Paid in capital L) Retained Earning M) Leave Blank

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