A LTI Launch x Question 10 - Ch.15 Leases Home X G On January 1, 2024, Nath-Langstr X Q course hero - Search * *Course Hero x + X @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWi... . . . Ch.15 Leases Homework i Saved Help Save & Exit Submit D On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two- 10 year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest G rate of 4%. W . The contract calls for four rent payments of $15,500 each, payable semiannually on June 30 and December 31 each year. . The computers were acquired by ComputerWorld at a cost of $101,000 and were expected to have a useful life of five years with 10 no residual value. y! points . Both firms record amortization and depreciation semiannually. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) eBook Hint Required: in Print 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 W Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) GW View transaction list Journal entry worksheet + Mc Graw Hill 3 81.F Q Search hp 5:46 PM ENG () 5 Sunny 9/14/2025A LTI Launch x Question 10 - Ch. 15 Leases Home X G On January 1, 2024, Nath-Langstr X Q course hero - Search * *Course Hero * + X @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWi... . . . Ch.15 Leases Homework Saved Help Save & Exit Submit Required 1 Required 2 10 G Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. Note: 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 answers to the nearest whole dollar.) W 10 y! points View transaction list View journal entry worksheet X No Date General Journal Debit Credit eBook 1 January 01, 2024 Right-of-use asset 59,020 Hint Lease payable 59,020 in Print References 2 June 30, 2024 Interest expense 1,180 -0) Lease payable 14,320 Cash 15,500 XP 3 June 30, 2024 Amortization expense 14,320 Right-of-use asset 14,320 W 4 December 31, 2024 Interest expense 894 Lease payable 14,606 GW Cash 15.500 5 December 31, 2024 Amortization expense 14,606 Right-of-use asse 14,606 + Mc Graw Hill 2 81.F Q Search 5:46 PM ~