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Business, 14.04.2020 17:52 makayladurham19

Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price $66,000 Sales tax 5,550 Shipment of machine 910 Insurance on the machine for the first year 610 Installation of machine 1,820 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 $66,00...
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