Exercise 8-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Ok Company Psy $254 250 for equipment expected to last four years and have a $30.000 Bevege value. Presre journal entries to record the folowing costs related to the equipment 1. During the second year of the equipment's it, 54.250 cash pois for new component expected to incresse the equipment's productivity by 10% a yes: 2. During the third year. 63.563 cazh is paid for normal repens necessary to keep the quipment in good working order. 3. During the fourth year. $7.2001 od for repair expected to incresse the useful ise of the equipment from four to five yes wacht Journal entry worksheet 2 Record the betterment cost of $14.250 paid in cash En die bloed Trancation Ganern doumai Debit Credit Hecondary Clwenty Vwwel Journal entry worksheet 1 2 3 Record the cost of normal repairs of $3,563 paic in cash to keep the equipment in good woring order Trantation General Journal Debit Credit Hecord entry Chrary www.tracionit Journal entry worksheet > Record the cost of repairs of $7.200 paid in cash to increase the usetuitect the equipment Mela: Ets for Transaction General Journal Debit Credit Hecondary airy|