Oaktree Company purchased new equipment and made the following expenditures: The equipment, Including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures IIsted above were paid in cash. Required: Prepare the necessary journal entries to record the above expenditures. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the flrst account fleld. Journal entry worksheet Note: Enter debits before credits. Oaktree Company purchased new equipment and made the following expenditures: The equipment, Including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures IIsted above were paid In cash. Required: Prepare the necessary journal entries to record the above expenditures. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the flrst account fleld. Journal entry worksheet Record any expenditures not capitalized in the purchase of equipment. Note: Enter debits before credits