Question

Record the journal entries please

Prepaid cash for a rental facility for January to December.	15,000
Purchased of inventory on account.	299,000
Sold inventory on account. The original cost of the inventory that was sold was	381,000
	216,000
Collected a partial payment from customers who had previously purchased on account.	190,500
Made a partial payment to suppliers for the inventory previously purchased on account.	239,200
Bought a delivery truck for cash.	41,000
Incurred wages expenses, of which $18,000 was paid the remainder will be paid in February.	25,000

Answer 1

Journal Entries:

	Account title and Explanation	Debit	Credit
1	Prepaid rent	$15,000
	Cash		$15,000
	[To record prepaid rent]
2	Inventory	$299,000
	Accounts payable		$299,000
	[To record purchase of inventory on account]
3	Accounts receivable	$381,000
	Sales revenue		$381,000
	[To record credit sales]
	Cost of goods sold	$216,000
	Inventory		$216,000
	[To record cost of goods sold]
4	Cash	$190,500
	Accounts receivable		$190,500
	[To record collections from customers]
5	Accounts payable	$239,200
	Cash		$239,200
	[To record cash paid to suppliers]
6	Delivery truck	$41,000
	Cash		$41,000
	[To record purchase of delivery truck]
7	Wages expense	$25,000
	Cash		$18,000
	Wages payable		$7,000
	[To record payment of wages]