Vita Water purchased a used machine for $122,000 on January 2, 2020. It was repaired the next day at a cost of $9,625 and installed on a new platform that cost $1,775. The company predicted that the machine would be used for six years and would then have a $17.720 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. All year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the Installation. Assume that cash was paid View transaction lit Journal entry worksheet 3 Record capital repairs on machine. Note: Enter debits before credits General Journal Debit Credit Date Jan 03, 2020 Next > 23 of 26 :