Ok Company pays $267.300 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 $18,900 cash for a new component that increased the equipment's productivity 2. Pald $4,725 cash for minor repairs necessary to keep the equipment working well. 3. Pald $11.850 cash for significant repairs to increase the useful life of the equipment from four to seven years. 352 View transaction ist Journal entry worksheet