Oaktree Company purchased new equipment and incurred the following expenses:

Purchase price	ps	53,000
Sales tax		3,000
Freight charges for equipment shipment		780
Equipment insurance for the first year		980
Installation of equipment		1,800

The equipment, including sales tax, was purchased on an open account, due in 30 days. The other expenses listed above were paid in cash.

Required:
Prepare the necessary journal entries to record the above expenses.