Orion Flour Mills purchased a new machine and made the following expenditures: urchase price $61,000...
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Orion Flour Mills purchased a new machine and made the following expenditures: urchase price $61,000 Sales tax 5,300 Shipment of machine 860 Insurance on the machine for the first year 560 Installation of machine 1,720 The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditures listed above were paid in cash. Record the above expenditures for new machine.
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