On January Harlon Consulting entered into a threeyear lease for new office space agreeing to lease payments of $ in $ in and $ in Payments are due on December of each year with the first payment being made on December Harlon is aware that the lessor used a interest rate when calculating lease payments.
Required:
Prepare the appropriate entries for Harlon Consulting on January December and to record the lease.
Note: Use tables, Excel, or a financial calculator. If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
PLEASE NOTE THE IMAGE BELOW... RED INDICATES AN INCORRECT RESPONSE AND GREEN INDICATES A CORRECT RESPONSE. Answer is complete but not entirely correct.
tableNoDate,General Journal,Debit,CreditJanuary Rightofuse asset,diamond,Lease payable,
