3 5 nts Lapeer 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 Required: $ 55,000 5,000 800 500 1,600 Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/ew Journal Entry Required" in the first account field.) eBook View transaction list Print References Journal entry worksheet < Record the expenditures. All expenditures were paid in cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal