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Holland Flour Mills purchased new equipment and made the following expenditures: Purchase...

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Accounting

Holland Flour Mills purchased new equipment and made the following expenditures:
Purchase price $ 68,000
Sales tax 5,650
Shipment of equipment 930
Insurance on the equipment for the first year 630
Installation of equipment 1,860
Required:
Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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