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Return to A company purchased a new machine and made the following expenditures: Purchase price Sales tax Shipment of sachine Insurance on the machine for
Return to A company purchased a new machine and made the following expenditures: Purchase price Sales tax Shipment of sachine Insurance on the machine for the first year Installation of machine 1.88 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. ( no entry is required for a particular transaction event, select "No Journal Entry Required in the first account field.) Answer is not complete. General Journal Debit Crede Equipment Prepaid insurance MacBook Pro V N
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