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Oki Compary pays $292,150 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 $7.600 cash for a new component that increased the equipment's productivity 2. Paid $4,400 cash for minor repairs necessary to keep the equipment working well 3. Paid $10,550 cast for signifart repairs to increase the useful life of the equipment from four to seven years. Journal entry worksheet Recotd the betterment cost of 517,600 paid in cast. Wutri tider debts before credits. Oki Company pays $292,150 for equipment expected to last four years and have a $30,000 salvage value. Prepare journa record the following costs related to the equipment: 1. Paid $17,600 cash for a new component that increased the equipment's productivity. 2. Paid $4,400 cash for minor repairs necessary to keep the equipment working well 3. Paid $10,550 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 $4,400 paid in cash to keep the equipment working well. Note: Enter debits before credits. Oki Company pays $292,150 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 $17,600 cash for a new component that increased the equipment's productivity 2. Paid $4,400 cash for minor repairs necessary to keep the equipment working well. 3. Paid $10,550 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 $10,550 paid in cash to increase the useful life of the equipment. Note: Enter debits before credits