Exerclse 1014 (Algo) Ordlnary repalrs, extraordlnary repalrs, and betterments LO C3 Oki Company pays $312,650 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. Paid $12,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. Journal entry worksheet Record the betterment cost of $19,850paid in cash. Nale: Enle' debis befare ciediss. Exerclse 10-14 (Algo) Ordlnary repalrs, extraordlnary repalrs, and betterments LOC3 Oki Company pays $312,650 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. Paid $12,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. Journal entry worksheet Record the cost of minor repairs of $4,963 paid in cash to keep the equipment working well. Male: Enler debis Defare creais. Exerclse 1014 (Algo) Ordinary repalrs, extraordinary repalrs, and betterments LO C3 Oki Company pays $312,650 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. Paid $12,800 cash for significant repairs to increase the useful life of the equipment from four to seven years. Journal entry worksheet Record the cost of significant repairs of $12,800 paid in cash to increase the useful life of the equipment. Nale: Enler dedis befare credis