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Whole Grain Bakery purchases an industrial bread machine for $29,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,950;
Whole Grain Bakery purchases an industrial bread machine for $29,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,950; installation, $3,900; testing, $1,450; and property tax on the machine for the first year, $590. Record the purchase of the bread machine. Note: 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 1 Record the purchase of the bread machine. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry >
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