Exerdseo e are two Presented below are two independent situations 1. Flinthills Car Rental leased a car to Jayhawk Company for one year. Terms of the operaurig lease agreement call for murithly payments of $700. 2. January 1 2017, Thro nc. entered into an agreement to lease 20 computers rom Drummond Elect onics. The terms the lease agreement require three annual ental payments o s25 500 three (indu duding 10% terest beginning ece er 31, 2017 The present value of the three rental payments is $63,415. Throm considers this a capital lease Prepare the appropriate journal entry to be made by Jayhawk Company for the first lease payment. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEX Prepare the journal entry to record the lease agreement on the books of Throm Inc. on January 1, 2017. (Credit account titles are automatically Indented when amount Is entered. Do not Indent manually) Date Account litles and Explanation Jan. 1 Debit Credit Click if you would like to show Work for this question: Open Shaw Work