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Please help, practice question for high school intro to accounting class. Oaktree Company purchased new equipment and made the following expenditures: The equipment, including sales
Please help, practice question for high school intro to accounting class.
Oaktree Company purchased new equipment and made the following expenditures: The equipment, including sales tax, was purchased on open occount, 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 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 lis 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 first account field. Journal entry worksheet Record any expenditures not capitalized in the purchase of equipment. Note: Enter debits before credits Step by Step Solution
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