Check my Okl Company pays $259,850 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 15 1. Paid $22,850 cash for a new component that increased the equipment's productivity 2. Paid $5,713 cash for minor repairs necessary to keep the equipment working well. 3. Paid $15,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. whook View transaction list 0 Hint Journal entry worksheet Print Record the betterment cost of $22,850 paid in cash. erences Note: Enter den before credit Transaction General Journal Dobil Credit Record entry Clear entry View oneral Journal Od company pays $259,850 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 $22,850 cash for a new component that increased the equipment's productivity 2. Pald $5,713 cash for minor repairs necessary to keep the equipment working well, 3. Paid $15,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction that Journal entry worksheet Hort > Record the cost of minor repairs of $5,713 paid in cash to keep the equipment working well Nor de before credits General Journal Debit Cred Transaction 2 Clear entry Record entry View all journal Me Graw I WON Ok Company pays $259,850 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 $22.850 cash for a new component that increased the equipment's productivity 2. Paid $5.713 cash for minor repairs necessary to keep the equipment working well. 3. Paid $15,800 cash for significant repairs to increase the useful fe of the equipment from four to seven years. View transactions e Journal entry worksheet > Record the cost of significant repairs of $15,000 paid in cash to increase the weethegiment General Journal Detall Credi 2 Macerdry Cherry Viewer ournal
