What should be the accounting entry for a company that makes hospital CT printers and purchases a copier for manufacturing instruments? Prepayment, tax invoice has not been issued.

When prepayment is made

Borrow: Prepayment --- XX unit

Credit: Bank Deposit

When the goods and invoice arrives

Borrow: Inventory Goods

Taxes and Charges Payable --- Value Added Tax Payable (Input Tax) (small taxpayers do not write this entry)

Credit: Prepayment --- XX unit