Oki Company pays $283,900 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 $15,300 cash for a new component that increased the equipment's productivity. 2. Paid $3,825 cash for minor repairs necessary to keep the equipment working well. 3. Paid $8,250 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry worksheet A B C Record the betterment cost of $15,300 paid in cash. Note: Enter debits before credits. Transnation Coneral Journal. Dobit

Oki Company pays $283,900 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 $15,300 cash for a new component that increased the equipment's productivity 2. Paid $3,825 cash for minor repairs necessary to keep the equipment working well: 3. Paid $8,250 cash for significant repairs to increase the useful life of the equipment from four to soven years