Homework Saved Help IU IULITE SLUI CHIU yiulety DUIS. ALL vey.my UI LUI, IL OLLUUIILOILIE LUTION STUU UIE TUIUWIHTY balances: Equipment Accumulated depreciation through 2018 $ 395,000 256,200 During 2019, the following expenditures were incurred for the equipment: Major overhaul of the equipment on January 1, 2019, that improved efficiency Routine maintenance and repairs on the equipment $ 48,000 4,000 The equipment is being depreciated on a straight-line basis over an estimated life of 10 years with a $29,000 estimated residual value. The annual accounting period ends on December 31, E8-6 Part 3 3. Prepare the journal entries to record the two expenditures during 2019. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction that Journal entry worksheet Homework 6 Saved Help Save & E Ches Required information 3. Prepare the journal entries to record the two expenditures during 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expenditure for the major overhaul Or the equipment Note: Enter debits before credits Transaction General Journal Debit Credit