On January 1,2019,Trenton Company purchased a machine costing $50,000.Trenton also incurred the following costs: transportation,$1,000;installation,$2,000;and sales tax,$3,000.
Prepare the journal entry to record the machine acquisition assuming cash was paid.

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The Answer of On January 1,2019,Trenton Company purchased a machine costing $50,000.Trenton also incurred the following costs: transportation,$1,000;installation,$2,000;and sales tax,$3,000.
Prepare the journal entry to record the machine acquisition assuming cash was paid.

On January 1,2019,Trenton Company Purchased a Machine Costing $50,000