ces Oki Company pays $274,000 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 $17,350 cash for a new component that increased the equipment's productivity. 2. Paid $4,338 cash for minor repairs necessary to keep the equipment working well. 3. Paid $10,300 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet A B Record the betterment cost of $17,350 paid in cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit < Prev 8 of 13 Next > View transaction list Record the betterment cost of $17,350 paid in cash. B Record the cost of minor repairs of $4,338 paid in cash to keep the equipment working well. C Record the cost of significant repairs of $10,300 paid in cash to increase the useful life of the equipment. EX