8 85 ints Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2021. Insight Machines manufactured the equipment at a cost of $330,000 and lists a cash selling price of $412,792. Appropriate adjusting entries are made quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) eBook Related Information: Lease term Quarterly lease payments Economic life of asset Interest rate charged by the lessor Hint Print 5 years (20 quarterly periods) $24,750 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter 5 years 8% eferences Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) View transaction list 80 Complete this question by entering your answers in the tabs below. 2.85 points eBook Hint Print Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) View transaction list References Journal entry worksheet 1 2 3 4 Record the beginning of the lease for Eye Deal. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Right-of-use asset Lease payable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) View transaction list Journal entry worksheet < 2 3 4 Record the lease payment made by Eye Deal on January 1, 2021. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Lease payable 24,750 Cash 24,750 85 Dints 80 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Saved Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) eBook Hint View transaction list Print references Journal entry worksheet < 1 2 3 4 Record the lease payment made by Eye Deal on March 31, 2021. Note: Enter debits before credits. Date March 31, 2021 General Journal Debit Credit Interest expense Lease payable Cash 24,750 Help Save Chapter 15 Assignment i 8 2.85 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) eBook Hint View transaction list Print References Journal entry worksheet 1 2 3 4 Record amortization of the right-of-use asset for Eye Deal. Note: Enter debits before credits. Date March 31, 2021 General Journal Debit Credit Amortization expense Right-of-use asset