When necessary, round any interest rate as follows: 4.873% = 4.9% while 3.314% = 3.3%. 42. (4 points) For each of the items below, prepare the appropriate entry 1. A motor in one of Excel's trucks was overhauled at a cost of $2,500. Excel expects this overhaul will make the truck operated on a more efficient basis, i.e., the truck will get better "gas mileage. 2. James, a maintenance worker at Excel, spent the entire week unloading and setting up a new machine in Excel's factory. James' earned $1,500 that week, however, James will not be paid until the following week. (Do not worry about any withholdings from James' pay.) 3. Excel incurred and paid $1,600 for ordinary repairs on one of its machines. 4. Excel incurred and paid $10,000 for adjustments to one of its machines. The adjustments will increase the useful life of the machine