Business, 28.07.2020 21:01 maddieg5585

Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price $ 59,000
Sales tax 5,200
Shipment of machine 840
Insurance on the machine for the first year 540
Installation of machine 1,680
The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditures listed above were paid in cash.
Required:
Record the above expenditures for the new machine. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price $ 59,...

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