Help Save & Exit Sut Check my we Oki Company pays $277,700 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 $24.700 cash for a new component that increased the equipment's productivity 2. Paid $6,175 cash for minor repairs necessary to keep the equipment working well 3. Paid $17,650 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet Record the betterment cost of $24,700 paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Saved Help Save & Exit Su Check my w Okl Company pays $277,700 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 $24,700 cash for a new component that increased the equipment's productivity 2. Paid $6,175 cash for minor repairs necessary to keep the equipment working well. 3. Pald $17,650 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet Check my w Okl Company pays $277,700 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 $24,700 cash for a new component that increased the equipment's productivity. 2. Pald $6,175 cash for minor repairs necessary to keep the equipment working well. 3. Pald $17,650 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet