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

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Accounting

Orion 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
$75,000
6,000
1,000
700
2,000
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],[1,1,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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