CH Exercise 8-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $277.600 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 $19,850 cash for a new component that increased the equipment's productivity 2. Paid $4.963 cash for minor repairs necessary to keep the equipment working well 3. Pald $12,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet > B Record the betterment cost of $19,850 paid in cash. Note: Enter debits before credits General Journal Debit Transaction Credit 1 View transaction list Journal entry worksheet A B Record the betterment cost of $19,850 paid in cash. Note: Enter debits before credits Debit Credit Transaction General Journal 1 Clear entry View general journal Record entry 3 of 8 Journal entry worksheet