Oaktree Company purchased new equipment and made the following expenditures:

Purchase Price	$45,000
Sales Tax	$2,200
Freigh Charges for shipment of machine	$700
Insurance on machine for 1st yr	$900
Installation of machine	$1,000

The Equipment, including sales tax, was purchase on open account, with payment due in 30 days. The other expenditures listed above were paid in cash.

REQUIRED:

Prepare the necessary journal entries to record the aboce expenditures.