OKI Company pays $281.200 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. Poid $19,000 cash for a new component that increased the equipment's productivity 2. Paid $4,750 cash for minor repairs necessary to keep the equipment working well. 3. Pald $11,950 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet SK st int Record the betterment cost of $19,000 paid in cash. rences Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the cost of minor repairs of $4,750 paid in cash to keep the equipment working well. Note: Enter debits before credits, General Journal Transaction 2 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet