Lapeer Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 55,000 Sales tax 5,090 Shipment of equipment Insurance on the equipment for the first year 500 Installation of equipment 1,600 880 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 Journal entry worksheet