Question: Please be clearly and use the basic accounting language. Make a general journal entry with these transactions: INVENTORY PURCHASE $3,000 RENT PAYMENT $800 INSURANCE EXPENSES

Please be clearly and use the basic accounting language.

Make a general journal entry with these transactions:

INVENTORY PURCHASE $3,000 RENT PAYMENT $800 INSURANCE EXPENSES $500 INVENTORY SALES $2,000 SALARY PAYMENT $500 CAR REPAIR 150 PURCHASE OF OFFICE EQUIPMENT 300 INVENTORY SALE 3000 INVENTORY PURCHASE 1000 INVENTORY PAYMENT 1500

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