Evaluate what is the journal entry

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Reference no: EM1374090

Paid $287,600 cash plus $11,500 in sales tax and $1,500 in transportation for a new loader. The loader is predictable to have a four-year life and a $20,600 salvage value. Loader costs are recorded in Equipment account. Evaluate what is the journal Entry?

Reference no: EM1374090

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