Business, 18.11.2019 22:31 shan6171

Oaktree company purchased new equipment and made the following expenditures:

purchase price $ 59,000 sales tax 3,600 freight charges for shipment of equipment 840 insurance on the equipment for the first year 1,040 installation of equipment 2,400
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.

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Oaktree company purchased new equipment and made the following expenditures:

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