1. Record straight-line amortization expense ($777/5 = $155.4) and adjust the ROU asset accordingly
2. Record interest expense ($777 0.7% = $5.4) and reduction in principal ($150 - $777 0.7% = $144.6) for lease liability

(in thousands of dollars)

DATE	ACCOUNTS	DEBIT	CREDIT
12/31/21	Amortization Expense	$155.4
	ROU Asset		$155.4
12/31/21	Interest Expense	$5.4
	Finance Lease Liability	$144.6
	Cash		$150.0

At the end of year 2:

1. Record straight-line amortization expense ($777/5 = $155.4) and adjust the ROU asset accordingly
2. Record interest expense (($777 ? $144.6) 0.7% = $4.4) and reduction in principal ($155 ? ($777 ? $144.6) 0.7% = $150.6) for lease liability

(in thousands of dolllars)

DATE	ACCOUNTS	DEBIT	CREDIT
12/31/22	Amortization Expense	$155.4
	ROU Asset		$155.4
12/31/22	Interest Expense	$4.4
	Finance Lease Liability	$150.6
	Cash

1) Record straight-line amortization expense and adjust the ROU asset accordingly. 2) Record interest expense and reduction in principal for lease liability.Rounding to the nearest integer (in thousands of dollars.)

(in thousands of dollars) I need calculations (formulas to be insert excel chart)

Amortization Expense Accounts - Row 1 Accounts ROU Asset Accounts - Row 2 $155 Interest Expense Finance Lease $3 Liability Accounts - Row 4 Accounts - Row 3 Cash Accounts - Row 5 $159 Debit - Row 1 Amounts $155 $156 Debit - Row 3 Credit - Row 4 Credit - Row 5