The following selected events occurred for Orwell Company during the first quarter of 2016:

Jan. 11 A motor breaks on a machine and is replaced for $2,400. This replacement was expected when the machine was purchased.

Feb. 15 A machine breaks down unexpectedly and requires repairs of $700.

Mar. 10 An accident damages some equipment. Repairs cost $2,000.

Mar. 19 A motor breaks on a machine and is replaced for $900. The new motor is an improved designthat increases the capacity of the machine.

Mar. 27 Office layout is rearranged at a cost of $700. At the same time, the walls are repainted for $500.

1. Prepare journal entries for the transactions.

2. Would any of your answers change if the company used IFRS? If so, how?