Question: please help! i will like!! On June 1, 2024, Irvine leased a building. The lease agreement calls for Irvine to make lease payments of $3,655.92

please help! i will like!! please help! i will like!! On June 1, 2024, Irvine leased

On June 1, 2024, Irvine leased a building. The lease agreement calls for Irvine to make lease payments of $3,655.92 each month for the next two years, with the first lease payment beginning June 30 . The company's normal borrowing rate is 8%. Required: 1. Calculate the present value of the lease payments. (Hint: Use a financial calculator or Excel.) 2. Record the lease on June 1, 2024. Complete this question by entering your answers in the tabs below. Calculate the present value of the lease payments. (Hint: Use a financial calculator or Exce calculations. Round your answer to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Record the lease on June 1,2024 . (Do not round intermediate calculations. If no entry is select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the lease on June 1,2024. Note: Enter debits before credits

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