Atlas Trucking incurred the following costs during 2018: Spent $14,300 on a major overhaul for a tractor-trailer rig. The overhaul is expected to increase the service life of the rig by three years. Repaired the air-conditioning system for $2,300. Rearranged and reconfigured the maintenance, loading, and unloading facilities at a cost of $68,000. The rearrangement is expected to result in substantial cost savings and increased efficiency over the next several years. Atlas Trucking uses the "Reduction of accumulated depreciation" method to record improvements. Required: Prepare journal entries to record the above costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.)Spent $14,300 on a major overhaul for a tractor-trailer rig. The overhaul is expected to increase the service life of the rig by three years.

2.)Repaired the air-conditioning system for $2,300.

3.)Rearranged and reconfigured the maintenance, loading, and unloading facilities at a cost of $68,000. The rearrangement is expected to result in substantial cost savings and increased efficiency over the next several years.