please answer this question and make sure to do all what it is asked, and make the answer clear and easy to understand.

Ok Company pays $322 150 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. Paid $14.900 cash for a new component that increased the equipment's productivity: 2. Paid $3.725 cash for minor repairs necessary to keep the equipment working well. 3. Paid $7.850 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction ist Journal entry worksheet A B > Record the betterment cost of $14,900 paid in cash. Note: Enter debts before credits Transaction General Journal Debit Credit