MAILM Gmail Youtube RED: Homework Chapter 7 Long Term Assets Seved Orion Flour Mills purchased a new machine and made the following expenditures: $59,000 5,200 Purchase price Sales tax Shipment of machine Insurance on the machine for the first 840 year 540 1,680 Installation of machine The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditu paid in cash. Required: Record the above expenditures for the new machine. (If no entry is required for a transaction/event, select "No required" in the first account field.) View transaction list Journal entry worksheet Record the expenditures for the new machine