(I know there is two questions with separate subsets but this is my last question I was able to ask so I had to post them together)

Data for the next 4 questions: Poland Company engaged in leasing a machine for quality control that requires payment of $2,800 at the end of each month. The economic life of the machine is 4 years. Poland Company normally is subject to 6% interest rate in business transactions.

Assume lease period is 40 months. Answer the following three questions

Q7. Provide journal on the date the lease contract was signed.

Account	Debit	Credit

Q8. Complete partial Lease Amortization Schedule in the space provided below.

Payment #
0
1
2

Q9. Provide the necessary journal entry that company must make for 2^nd monthly payment

Account	Debit	Credit

Assume lease period is 30 months. Answer the following three questions

Q10. Provide journal on the date the lease contract was signed

Account	Debit	Credit

Data for the next 3 questions: Poland Company engaged in leasing a machine for quality control that requires payment of $2,800 at the beginning of each month. The economic life of the machine is 4 years. Poland Company normally is subject to 6% interest rate in business transactions.

Assume lease period is 40 months. Answer the following three questions

Q11. Provide journal on the date the lease contract was signed.

Account	Debit	Credit

Q12. Complete partial Lease Amortization Schedule in the space provided below.

Payment #
0
1
2

Q13. Provide the necessary journal entry that company must make for 2^nd monthly payment

Account	Debit	Credit

Assume lease period is 30 months. Answer the following three questions

Q14. Provide journal on the date the lease contract was signed

Account	Debit	Credit