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Holland Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 60,000 Sales tax 5,250 850 Shipment of equipment Insurance on the
Holland Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 60,000 Sales tax 5,250 850 Shipment of equipment Insurance on the equipment for the first year 550 Installation of equipment 1,700 Required: Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expenditures. All expenditures were paid in cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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