theyre all one question. this is accounting.

Question 2. (Teacher's note: For scoring purposes, each part counts one point, as if it were a separate question.) Prepare journal entries to record each of the transactions listed below. The information below tells you the transaction. Part a. Bought equipment. Some of the cost of the equipment was paid by check, and some was still owed to the seller. The company signed a note payable to the seller for the portion that was still owed. The company anticipates that it will be able to borrow from the bank within two to three weeks, and use that bank loan to pay the note to the seller Total cost of equipment 81,000 Portion paid by check to seller 15,000 Gave note payable to seller 66,000 Total cost of equipment 81,000 Part b. Purchased inventory on account. The company uses the perpetual inventory method for keeping track of inventory. Bought inventory on account 78,000 Part c. The company sold merchandise to its customers, on account. Credit sales were 115,000 Cost of goods sold was 73,000 Part d. Paid rent for the business premises for the current month. Paid rent for current month 6,200 Part e. Paid insurance premium, but the policy term (when the coverage is valid) does not begin until next fiscal year. Paid insurance for next year 5,400 Part f. period. Paid on account for part of the inventory bought earlier in the fiscal Paid on account for inventory bought earlier in year 27,000 Part g. Collected from customers who owed us money because they bought from us on open account. Collected from customers who owed us money 51,000