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 listed above were paid in cash. Required: Prepare the necessary journal entries to record the above expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the purchase of equipment. Note: Enter debits before credits. Journal entry worksheet Record any expenditures not capitalized in the purchase of equipment. Note: Enter debits before credits