help please
On June Lone Pine leased a building. The lease agreement calls for Lone Pine to make lease payments of $ each month for the next two years, with the first lease payment beginning June The company's normal borrowing rate is
Required:
Calculate the present value of the lease payments. Hint: Use a financial calculator or Excel.
Record the lease on June
Complete this question by entering your answers in the tabs below.
Record the lease on June Do not round intermediate calculations. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
tableNoDate,General Journal,Debit,CreditJune Lease Asset,,Lease Payable,,
