No$.$ Account Tittes and Explanation

Bebit

Credit

Inventory

$($To record sale of goods$)$

$($To record the cost$)$

$507500$

$($To record the cost$)$

Accounts Payable

longrightarrow

Operating Expenses

Accumulated Depreciation $-$ Vehicles

Dividends Declared

Accounts Receivable

Accounts Receivable

Prepaid Rent

$$

Inventory

Vehicles

Accumulated Depreciation $-$ Vehicles

Accounts Payable