Question: Argyle Ltd. Signed a 36 month ease to rent a computer system or $4,050 per month. The value of the o puter e u ment

 Argyle Ltd. Signed a 36 month ease to rent a computer

Argyle Ltd. Signed a 36 month ease to rent a computer system or $4,050 per month. The value of the o puter e u ment s 0 The ease wil commence on November 2 encouragement to lease the system, the lessor waived the first six months' rent. The remaining 30 payments will be due at the beginning of each month, starting on 1 May 20X2. Argyle Ltd.'s fiscal year-end is 31 December is Required: Prepare summary jounal entries for Argyle for 20X1 and 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Record the rent expense for 20X1 Note: Enter debits before credits Date General Journal Debit Credit 20X1 Record entry Clear entry View general journal

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