picture one: do journal enteries for a,b,c

picture two: complete 1,2 journal entries

Exercise 8-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Ok Company pays $302,200 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. Pald $23,350 cash for a new component that increased the equipment's productivity. 2. Paid $5,838 cash for minor repairs necessary to keep the equipment working well. 3. Pald $16,300 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction let A Record the betterment cost of $23,350 paid in cash B Record the cost of minor repairs of $5,838 paid in cash to keep the equipment working well. C Record the cost of significant repairs of $16,300 paid in cash to increase the useful life of the equipment. Credit Exercise 8-18 Depletion of natural resources LO P3 Montana Mining Co. pays $4,605,160 for an ore deposit containing 1,476,000 tons. The company installs machinery in the mine costing $172,900, which will be abandoned when the ore is completely mined. Montana mines and sells 150,800 tons of ore during the year. Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round intermediate calculations. Round your final answers to the nearest whole number.) View transaction lit > 1 Record the year-end adjusting entry for the depletion expense of ore mine 2. Record the year-end adjusting entry for the depreciation expense of the mining machinery he Credit