Question: please answer, will give thumbs up. Check my work 10 5 points On June 30, 2021. Fly-By Night Airlines leased a jumbo jet from Boeing

please answer, will give thumbs up.
please answer, will give thumbs up. Check my work 10 5 points
On June 30, 2021. Fly-By Night Airlines leased a jumbo jet from
Boeing Corporation. The terms of the lease require Fly By Night to

Check my work 10 5 points On June 30, 2021. Fly-By Night Airlines leased a jumbo jet from Boeing Corporation. The terms of the lease require Fly By Night to make 20 annual payments of $100,000 on each June 30. Generally accepted accounting principles require this lease to be recorded as a liability for the present value of scheduled payments. Assume that a 7% interest rate properly reflects the time value of money in this situation (FV of S1, PV of $1. EVA 051 PVA 51. EVAD of 51 and PVAD OSD (Use appropriate factor(s) from the tables provided) Required: 1. At what amount should Fly By Night record the lease liability on June 30, 2021, assuming that the first payment will be made on June 30, 2022 2. At what amount should Fly By Night record the lease ability on June 30, 2021, before any payments are made, assuming that the first payment will be made on June 30, 2021 Book References Complete this question by entering your answers in the tabs below. Required 1 Required 2 At what amount should Fly By Night record the lease ability on June 30, 2021, assuming that the first payment will be made on June 30, 20227 (found your final answers to nearest whole dollar amount) Table or calculator function Payment 10 bu, 22 2. At what amount should Fly-By Night record the lease liability on June 30, 2021, before any payments are made, assuming the first payment will be made on June 30, 2021? Complete this question by entering your answers in the tabs below. ts Book Required 1 Required 2 Ask At what amount should Fly-By-Night record the lease liability on June 30, 2021, assuming that the first payment will be made on June 30, 2022? (Round your final answers to nearest whole dollar amount.) ferences Table or calculator function Payment n PV - 6/30/2021 JU, LUX 10 2. At what amount should Fly-By-Night record the lease liability on June 30, 2021, before any payments are made, assuming that the first payment will be made on June 30, 2021? 5 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 At what amount should Fly-By-Night record the lease ability on June 30, 2021, before any payments are made, assuming that the first payment will be made on June 30, 2021? (Round your final answers to nearest whole dollar amount.) References Table or calculator function Payment PV- 06/30/2021 (Required 1 Rent

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