Purchase price

$ $56,000$

Sales tax

$3,300$

Freight charges for shipment of equipment

Insurance on the equipment for the first year

Installation of equipment

$810$

$1,010$

$2,100$

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.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

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.

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.

Note: Enter debits before credits.