On January 1 , 2 0 2 4 , Nath Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6 The contract calls for four rent payments of $ 1 7 , 0 0 0 each, payable semiannually on June 3 0 and December 3 1 each year The computers were acquired by ComputerWorld at a cost of $ 1 0 4 , 0 0 0 and were expected to have a useful life of five years with no residual value Both firms record amortization and depreciation semiannually Note Use tables, Excel, or a financial calculator ( FV of $ 1 , PV of $ 1 , FVA of $ 1 , PVA of $ 1 , FVAD of $ 1 and PVAD of $ 1 ) Required Prepare appropriate journal entries recorded by Nath Langstrom Services for the first year of the lease Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease On January 1 2 0 2 4 , Nath Langstrom Services, Incorporated, a computer sotware training firm eased several computers under a two year operating lease agreement from ComputerWorld Leasing, which noutiney finances equipment for ghthen firms at an annual interest rate of 6 The contract calls for four rent payments of $ 1 7 , 0 0 0 each payable semiannually on Jurie 3 0 and December 3 1 each year The computers were acquired by ComputeiWorld at a cost of $ 1 0 4 , 0 0 0 and were expedfed to have a usefulife pf five years with no residual value Both firms record amortization and depreciation semiannually Note Use tables, Excel, or a financial calculator ( RV of $ 1 PV ot 5 1 FA of $ 1 , PVA of $ 1 fVAd af s 1 and pVAB of san Required Prepare appropriate journal entries recorded by Nath Langstuom Services for the first year of the lease Prepare appropriate journal enties recorded by Cornpute world Leasing for the first year of the lease Complete this question by entering your answers in the tabs below Prepare appropriate journal entries recorded by Nath Langstrom servides for the find yoar of th hases intermediate calculations and final answers to the nearest whole dolfow

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On January 1 , 2 0 2 4 , Nath   Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two   year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6     The contract calls for four rent payments of $ 1 7 , 0 0 0 each, payable semiannually on June 3 0 and December 3 1 each year  The computers were acquired by ComputerWorld at a cost of $ 1 0 4 , 0 0 0 and were expected to have a useful life of five years with no residual value  Both firms record amortization and depreciation semiannually  Note  Use tables, Excel, or a financial calculator  ( FV of $ 1 , PV of $ 1 , FVA of $ 1 , PVA of $ 1 , FVAD of $ 1 and PVAD of $ 1 ) Required  Prepare appropriate journal entries recorded by Nath   Langstrom Services for the first year of the lease  Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease On January 1   2 0 2 4 , Nath   Langstrom Services, Incorporated, a computer sotware training firm eased several computers under a two   year operating lease agreement from ComputerWorld Leasing, which noutiney finances equipment for ghthen firms at an annual interest rate of 6     The contract calls for four rent payments of $ 1 7 , 0 0 0 each  payable semiannually on Jurie 3 0 and December 3 1 each year The computers were acquired by ComputeiWorld at a cost of $ 1 0 4 , 0 0 0 and were expedfed to have a usefulife pf five years with no residual value  Both firms record amortization and depreciation semiannually  Note  Use tables, Excel, or a financial calculator  ( RV of $ 1 PV ot 5 1   FA of $ 1 , PVA of $ 1 fVAd af s 1 and pVAB of san Required  Prepare appropriate journal entries recorded by Nath   Langstuom Services for the first year of the lease  Prepare appropriate journal enties recorded by Cornpute world Leasing for the first year of the lease Complete this question by entering your answers in the tabs below  Prepare appropriate journal entries recorded by Nath   Langstrom servides for the find yoar of th hases intermediate calculations and final answers to the nearest whole dolfow

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Question: On January 1 , 2 0 2 4 , Nath - Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two

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