Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price Sales tax Shipment of machine Insur ance on the machine for the first year Installation of machine $58,000 5, 150 830 530 1, 660 The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditures listed above were paid in cash. Required: Record the above expenditures for the new machine. (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 Record the expenditures for the new machine. Note: Enter debits before credits. Transaction Debit Credit General Journal Equipment Prepaid Insurance Cash Accounts Payable