A Journal entry Question help

The Company ordered a set of audio-visual equipment at cost $150,000 on 31 Dec, 2010. The equipment would be delivered to the company on 15 Jan, 2011. do the adjusted bal. as at 31 dec, 2010 Actually, No! How to do the journal entry?
For re-sales purpose
Jan 15, 2011Purchase……………….$150,000 Creditors……………………….$150,00For Company uses
Jan 15,2011Fixed Assets………….$150,000 Creditors……………………….$150,000

If the co paid amount before 31 Dec, 2010 ,the journal entry as at 31,Dec,2010 is

Dr Prepayment-others 150,000
Cr bank 150,000
and the journal entry as at 15,Jan,2011 is

Dr Fixed assets-equipment 150,000
Cr Prepayment-others 150,000


If the co ordered a set of audio-visual equipment on 31 Dec, 2010 only,you can not do any entry this year.

for your reference