On 21 October 2021, Truck Rentals Ltd purchased a new truck. The following information about the purchase needs to be recorded:

• The price of the truck is $73,600 (including GST).
• The dealer arranged for sign writing on the truck for $2,691 (including GST).
• Insurance for 12 months on the truck cost $2,116 (including GST).
• An additional $322 (including GST) was paid for vehicle registration for 12 months.
• The company borrowed $63,200 to finance this purchase, while the remainder was paid in cash.

Required:

Prepare the journal entry for the purchase of the new truck and related items.

Truck Rentals Ltd’s General Journal:

Date	Account Names	Debit	Credit
21/10/2021
	(To record purchase of a truck and related items)