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. Dr Inventory 55,000 Cr Accounts Payable 55,000 Dr Cash 300,000 Cr Loan Payable 300,000 K Dr Interest Expense 5,500 Cr Interest Payable 5,500 Dr

. Dr Inventory 55,000 Cr Accounts Payable 55,000 Dr Cash 300,000 Cr Loan Payable 300,000 K Dr Interest Expense 5,500 Cr Interest Payable 5,500 Dr Rent Expense 5,000 Dr Prepaid Rent 8,000 Dr Rent Pay...

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