2 Oki Company pays $301,400 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. Paid $18,600 cash for a new component that increased the equipment's productivity. 2. Paid $4,650 cash for minor repairs necessary to keep the equipment working well. 3. Paid $11,550 cash for significant repairs to increase the useful life of the equipment from four to seven years. 4.16 points View transaction list 01:36:14 Mc Graw Hall Journal entry worksheet A C Record the betterment cost of $18,600 paid in cash. Note: Enter debits before credits Transaction 1 General Journal Debit Credit < Prev 2 of 6 Score.answer > 2 Journal entry worksheet B 4.16 Dots 13544 Record the cost of minor repairs of $4,650 paid in cash to keep the equipment working well. Note: Enter debits before credits. Mc Graw Ha Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal < Prev 2 of 6 Score ans Help Save & Exit Submi Proctoring Enabled: Asignacion - Capitulo 10 Saved 4.16 2 points Journal entry worksheet < B C Record the cost of significant repairs of $11,550 paid in cash to increase the useful life of the equipment. 013536 Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Clear entry View general journal Record entry