Write a journal entry stating both the debit and the credit;

1.Mr. Willson arranged with movers will make a delivery and set up for a new sound system and paied the delivery charge of 950. This charge will be added to the cost of the sound system equipment purchased and depreciated on the same bias as the sound equipment

2. Mr. Wilson paied 15,500 for a car. The estimated service life is 10 years. The salvage value is 0, these items will be recorded as car development and depreciated accordingly. Registared the car with an insurance company and ageed to prepay six months of charges (125 per month). The insurance company will send a bill and Mr Willson will be recording the transaction for the charges once he receives the bill.