Required: 1. Assume that the equipment related to the first obligation was acquired on January 1,...

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Required: 1. Assume that the equipment related to the first obligation was acquired on January 1, 2020 and that the first payment of $262,212 was made on December 31, 2020. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining annual payments. (Note: Tables 8C.1 and 8C.2 do not include the 5.5 percent interest rate. Use Microsoft Excel or a calculator to compute the present value of future payments.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Carrying amount 2. How much interest will the company pay as part of the five remaining instalments on the 5.5 percent obligation? (Hint. You may find it helpful to prepare a schedule similar to Exhibit 9.3. option 3.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Interest paid 3. Prepare the journal entry to record payment of the instalment on December 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers in dollars not in thousands of dollars rounded to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 Record entry for payment of annual instalment. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal 4. Assume that the obligation under the lease was signed on July 1, 2021 and that the first semi-annual instalment was made on December 30, 2021. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining semi-annual payments. Use a calculator or Microsoft Excel to compute the present value of future payments. (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Carrying amount Required: 1. Assume that the equipment related to the first obligation was acquired on January 1, 2020 and that the first payment of $262,212 was made on December 31, 2020. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining annual payments. (Note: Tables 8C.1 and 8C.2 do not include the 5.5 percent interest rate. Use Microsoft Excel or a calculator to compute the present value of future payments.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Carrying amount 2. How much interest will the company pay as part of the five remaining instalments on the 5.5 percent obligation? (Hint. You may find it helpful to prepare a schedule similar to Exhibit 9.3. option 3.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Interest paid 3. Prepare the journal entry to record payment of the instalment on December 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers in dollars not in thousands of dollars rounded to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 Record entry for payment of annual instalment. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Record entry Clear entry View general journal 4. Assume that the obligation under the lease was signed on July 1, 2021 and that the first semi-annual instalment was made on December 30, 2021. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining semi-annual payments. Use a calculator or Microsoft Excel to compute the present value of future payments. (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Carrying amount