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Business, 17.06.2020 22:57 rafamoreura
Orion Flour Mills purchased a new machine and made the following expenditures:
Purchase price $56,000
Sales tax 5,050
Shipment of machine 810
Insurance on the machine for the first year 510
Installation of machine 1,620
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.
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Answers: 2
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Orion Flour Mills purchased a new machine and made the following expenditures:
Purchase price $56,0...
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