Knowledge Check 01 Remington Company purchased office equipment for use in the business with an invoice price of $28,000. The company paid $1,500 to have the equipment delivered and another $500 to have it installed. The company paid cash for the transportation and Installation costs and sigried a note for the Invoice price of the new equipment. Prepare the appropriate journal entry for the expenditures relating to this equipment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)