Purchase price Sales tax Shipment of machine Insurance on the machine for the first year Installation of machine $74,000 5,950 990 690 1,980 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. 1 General Journal Debit Credit Recordandos < Prev 2 of 19 Next >