Exercise 10-2 (Static) Acquisition cost; equipment [LO10-1] Oaktree Company purchased new equipment and made the following expenditures: The equipment, including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures listed above were paid in cash. Required: Prepare the necessary journal entries to record the above expenditures. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field