Goods word $ 9,000, were destroyed by fire and insurance company agreed claim for $ 7,500 what will be Journal Entry.

Dr. Bank by                                 $

Dr. Loss by Fire (Expense) by $

Cr. Purchase (Inventory)                         $

Cash / Bank  A/c        Dr  (Claim received from Insurance Co.)

Loss from Fire A/c     Dr    (P & L) 

Purchase (Closing Stk) A/c                           Cr