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Whole Grain Bakery purchases an industrial bread machine for $29,500. In addition to the purchase...

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Accounting

Whole Grain Bakery purchases an industrial bread machine for $29,500. In addition to the purchase price, the company makes the
following expenditures: freight, $1,950; installation, $3,900; testing, $1,450; and property tax on the machine for the first year, $590.
Record the purchase of the bread machine.
Note: 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 purchase of the bread machine.
Note: Enter debits before credits.
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