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On January $1,2024,$ Harlon Consulting entered into a three$-$year lease for new office space agreeing to lease payments of $$6,800$ in $2024,$ $$9,600$ in $2025,$ and $$12,400$ in $2026.$ Payments are due on December $31$ of each year with the first payment being made on December $31,2024.$ Harlon is aware that the lessor used a $5\%$ interest rate when calculating lease payments.

Required:

$1-4.$ Prepare the appropriate entries for Harlon Consulting on January $1,2024,$ December $31,2024,2025$ and $2026$ to record the lease.

Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Record for Harlon Consulting the beginning of the lease.

Record the lease payment for Harlon Consulting.

Record the amortization expense for Harlon Consulting.

Record the lease payment for Harlon Consulting.

Record the amortization expense for Harlon Consulting.

Record the lease payment for Harlon Consulting.

Record the amortization expense for Harlon Consulting.

Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

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