Holland 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

$$74,000$

$5,950$

$990$

$690$

$1,980$

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.$)$

Journal entry worksheet

$1$

Record the expenditures. All expenditures were paid in cash.

Note: Enter debits before credits.

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