On January 1, 2021, Nath-Langstrom Services, Inc., 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 4%. The contract calls for four rent payments of $18,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $106,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1. PV of $1., FVA of S1, PVA of St. FVAD of S1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar) View transaction list Journal entry worksheet of 4%. The contract calls for fout rent payments of $18,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $106.000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. Evo 51. PV S. EVA E SIPVA SLEVAD Sand PVAD of $1 (Use appropriate factors from the tables provided) Required: 1. Prepare appropriate journal entries recorded by Nathi Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by Computer World Leasing for the first year of the lease. Complete this question by entering your answers in the tabe below. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for transaction/event, select "No journal entry required in the first account Red (Round your intermediate calculations and resto the nearest w dolar View fraction et Journal entry worksheet 2 5 Record amortization for Nath-Langstrom Services General Journal Croc June 30, 2021 to have a useful for five years with no record amortization and depreciation semiannually. EV of SL PV of $1. EVA 0f 51. PVA of S1.EVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Complete this question by entering your answers in the tabs below. 50:23 Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account feld. (Round your intermediate calculations and final answers to the nearest whole dollar.) View transaction at Journal entry worksheet 1 5 Record the lease payment made by Nath-Langstrom Services Note er det before credits General Journal Debit Credit December 31 2023 10 to have a useful life of five years with no Both is record amortization and depreciation semiannually. V of $1. PV of S1, EVA of S1, EVA of S1,EVAD of and PVAD of $1 (Use appropriate factor(s) from the tables provided) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lense. pot 300.00 Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and finales to the nearest whole dollar) Print View transaction et References Journal entry worksheet 1 2 4 Record amortization for Nath-Langstrom Services e fintar de bone credits General Journal Debit Credit December 31 2021 MC Gr M 5 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 00:50:04 Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. (If no entry is required for transaction/event, select "No journal entry required in the first account field (Round your intermediate calculations and final owers the nearest whole dollar.) 300k View transaction Bat Hint Journal entry worksheet 1 4 > Print Record the lease payment received by Computerworld Leasing. References Note Enter des before credits Date General Journal Daba Credit June 30, 2021 Record entry Clear entry View general Journal 07 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 00:49:56 Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. If no entry is oured for transaction/event, select "No journal entry required in the first account field (Round your intermediate calculations and finalmente the nearest whole dollar) eBook View transaction list Hin Journal entry worksheet Print Record depreciation for Computer World Leasing References Note stedets before credits General Journal Det Credo June 30 2021 Record entry Clarantry View general journal 5 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 8 00:46 Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the inace. (afro entry as required to transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and finalet the nearest whole dollar) eBook View transaction list int Journal entry worksheet 4 > Print Record the lease payment received by Computer World Leasing. References Enter debits before credits General Journal Debit Credit DATA December 31, 2021 Record entry Clear entry View general journal (Required 1 M Gew Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar) View transaction lat Journal entry worksheet 1 2 3 > Record depreciation for Computer World Leasing. Note: Enter debits before credits General Journal Debit Credit Date December 31 2021 Record entry Clear entry View general journal