Write the journal entries in the given table for below transactions of Clean Corporation during June 2020.

1

Purchased inventory from suppliers on account for $500.

2

Purchased new office car using 2 year Note Payable for $50,000.

3

Paid rent for the company office for $12,000.

4

Paid for inventory purchased in transaction 1.

5

Sold on account to customers for $600.