Question: Current Attempt in Progress Cullumber Co . as lessee records a finance lease of machinery on January 1 , 2 0 2 5 . The

Current Attempt in Progress
Cullumber Co. as lessee records a finance lease of machinery on January 1,2025. The seven annual lease payments of $878,000 are
made at the end of each year. The present value of the lease payments at 10% is $4,274,473. Cullumber uses the effective-interest
method of amortization and sum-of-the-years'-digits depreciation (no residual value).
(a)
v Your answer is correct.
Prepare an amortization table for 2025 and 2026.(Round answers to 0 decimal places, e.g.5,275.)
CULLUMBER Co.
Lease Amortization Schedule
Your answer is partially correct.
Prepare all of Cullumber's journal entries for 2025.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g.5,275.)
JUST HELP WITH THE NUMBER FOR THE LAST JOURNAL ENTRY, SHOW HOW TO DO IT
Current Attempt in Progress Cullumber Co . as

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