Microsoft Corporation reported the following disclosure note in its 2020 financial statements:

Required:
1. Prepare a journal entry that summarizes the cash payments for operating leases during the year.
2. Prepare a journal entry that summarizes the cash payments for finance leases during the year.

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Note 14 - LEASES (in part) Supplemental cash flow information related to leases was as follows: (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases Operating cash flows from finance leases Financing cash flows from finance leases Fiscal Year Ended June 30, 2020 $1,829 336 409