Exercise 7-2A Record purchase of equipment (L07-1) Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price Sales tax Shipment of machine 569.000 5,700 940 640 1,880 Insurance on the machine for the first year Installation of machine 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet