Check my work Oki Company pays $274,450 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. Pald $22,350 cash for a new component that increased the equipment's productivity 2. Pald $5,588 cash for minor repairs necessary to keep the equipment working well 3. Pald $15,300 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list View journal entry worksheet Debit Credit NO Transaction General Journal 22.350 A 1 22 350 5,588 Equipment Cash Repairs oxpense Cash Equipment Cash 5 580 GY 15,300 15.300 B 2 Equipment Cash Repairs expense Cash Equipment Cash ENG 15. 2021