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2. Record the cost of normal repairs of $6,038 paid in cash to keep the equipment in good working order.

3. Record the cost of repairs of $17,100 paid in cash to increase the useful life of the equipment.

Oki Company pays $252.650 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. During the second year of the equipment's life, $24150 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $6,038 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the fourth year, $17100 is paid for repairs expected to increase the useful life of the equipment from four to five years. View transaction list Journal entry worksheet Record the betterment cost of $24,150 paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal