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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

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Oaktree Company purchased new equipment and made the following expenditures: The equipment, including sales tax, was purchosed on open account, with payment due in 30 days. The other expenditures liste 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

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