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10.00 points Orion Flour Mills purchased a new machine and made the following expenditures Purchase price Sales tax Shipment of machine Insurance on the machine
10.00 points Orion Flour Mills purchased a new machine and made the following expenditures Purchase price Sales tax Shipment of machine Insurance on the machine for the first year Installation of machine $56,000 5,050 810 510 1,620 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.) View transaction list Journal entry worksheet Record the expenditures for the new machine Note: Enter debits before credits Transaction General Journal Debit Credit quipment 10.00 points Brick Oven Corporation made the following expenditures during the first month of operations: Attoneys' fees to organize the corporation Purchase of a patent Legal and other fees for transfer of the patent Preopening employee salaries S 7,300 23,000 1,650 63,000 Total $ 94,950 Required Record the $94,950 in cash expenditures. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record cash expenditures
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