Question: Please use the dropdown box to help determine which account it belongs to. I have posted what I thought was the right answers but have
On March 1, fixtures and equipment were purchased for $5,000 with a downpayment of $2,000 and a $3,000 note, payable in one year. Interest of 5% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 12 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: Cash Dollar amount: 2000 r amount: 5000 r amount: 3000 r amount: 34.7 r amount: 34.7 r amount: 12.5 r amount: r amount: | Foil,-Leave%20Bank Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank 12.5
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