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Holland Flour Mills purchased new equipment and made the following expenditures: Purchase price Sales tax...

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Question

Accounting

Holland Flour Mills purchased new equipment and made the following expenditures:
Purchase price
Sales tax
Shipment of equipment
Insurance on the equipment for the first year
Installation of equipment
$74,000
5,950
990
690
1,980
Required:
Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
1
Record the expenditures. All expenditures were paid in cash.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,grad,,],[-,,,],[,,,],[,,,],[,,,],[,,,]]
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