12 7.69 points eBook References On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5%. Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1, PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 11 Record the beginning of the lease for Winn. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit View general journal Record entry Clear entry 12 769 On January 1, 2021, Winn Heat Transfer leased office space under a three-year opensting lease agreement. The arrange specified three annual lease payments of $78.000 each, beginning December 31, 2021, and at nach December 31 through 2023 The lessor HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225.000 advance payment at the beginning of the lease, with permission of the owner, Winn made structural modifications to the building before occupying the spece at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value (EV of $1, PV of EVA of$1, EVA of EVAD of $1 and PVAD of St (Use appropriate factors from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023, Winn's fiscal year in the calendar year of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars) Journal entry worksheet 2 3 4 Record the advance payment made at the beginning of the lease by win. Da General Journal D C January 01.2021 Clear any 12 7.69 points eBook References On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1. PV of $1. EVA of $1, PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) View transaction list Journal entry worksheet < 1 2 4 5 6 8 Record the lease payment for Winn. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit 269 poi 12 On January 1, 2021, Winn Meat Transfer leased office space under a three-year operating lease agreement. The arrangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV.of.51. PV of $1. EVA of $1 PVA of $1. EVAD of $1 and EVAD of 30 (Use appropriate factors from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars) Journal entry worksheet 1 3 4 Record the amortization the right-of-use asset for Winn 11 Date December 31 2001 General Journal Debit Creat tarned entry Clearantry 12 7.69 points eBook References On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5%. Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 11 Record depreciation for Winn. Note: Enter debits before credits Date December 31, 2021 General Journal Debit Credit 769 12 On January 1, 2021, Winn Mest Transfer leased office space under a three year operating lease agreement. The aangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023. The lessor, HVAC Leasing calculates leese payments based on an annual interest rate of 5% Winn also paid a $225,000 advance payment at the beginning of the lease, with permission of the owner, Wine made structural modifications to the building before occupying the space at a cost of $303,000. The useful ife of the building and the structural modifications were estimated to be 30 years with no residual value. V of $1 Py of $1. EVA GE53, EVA $1. EMAD st $1 and PVAD of 3 (Use appropriate factors from the tables provided) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. Winn's fiscal year is the calendar year of no entry is required for a transaction/event, select "No journal entry required in the first account field Round your answers to nearest whole dollars) Journal entry worksheet " 8 11 > Cal Desember 21 2022 General Jou CA Bacord entry Clear entry View gejal 769 12 points On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement The anangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 3 through 2003 The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225.000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1. PV of St. EVA of 51 PVA of St EVAD of $1 and PVAD of 50 (Use appropriate factor from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023 Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) Journal entry worksheet 7 11 > Record the amortization of the right-of-use asset for winn Date December 31 2022 General Jumal C Help Chuck my work 769 On January 1, 2021, Wien Meat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $78.000 each, beginning December 31, 2021, and at each December 21 through 2023 The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225.000 adve payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. EV or $5 PV of $1 EVA of 51. PVA at $1. EVAD of $1 and PVAD of $0 (Use appropriate factor from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023. War is the calendar year of no entry is required for a transaction/event, select "No journal entry required" in the first account field Round your answers to nearest whole dollars) Journal entry worksheet Record depreciation for Win 6 Date December 31, General Journal D C Record entry Clear entry View general jurnal Dayment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before 34. We also paid 5/25,000 advance occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1. PV of $1. EVA of $1. PVA of $3 EVAD of $1 and PVAD of 50 (Use appropriate factors) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023 Win's fiscal year is the calendar year of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) Journal entry worksheet Record the lease payment for Winn 6 7 10 11 > Date December 31, 2003 General Journal Cr Record entry Clear entry View general journal Next >> 769 On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The amangement specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023 The lessor HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225.000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (EV of $1, PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of 50 (Use appropriate factors) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023 Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) Journal entry worksheet 7 8 9 > Record the amortization of the right-of-use asset for win. Date December 31 2023 General Journal De Credit Record entry Clear entry View general journal 12 769 points References On January 1, 2021, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement -specified three annual lease payments of $78,000 each, beginning December 31, 2021, and at each December 31 through 2023 The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303,000. The useful life of the building and the structural modifications were estimated to be 30 years with no residual value. (FV of $1. PV of $51, FVA of $1. PVA of $1. EVAD of $1 and PVAD of $3) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023 Winn's fiscal year is the calendar year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) View transaction list Journal entry worksheet 1 Record the amortization of the right-of-use asset for Winn. Nota: Enter debts before credits Date December 31, 2023 9 11 General Journal Debit Credit Record entry Clear entry View general journal 769 bed three annual lease payments of $78.000 each, beginning December 31, 2021, and at each December 31 through 2023 Under a three-year operating lease agreement. The amangement The lessor, HVAC Leasing calculates lease payments based on an annual interest rate of 5% Winn also paid a $225,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the building before occupying the space at a cost of $303.000. The useful ife of the building and the structural modifications were estimated to be 30 years with no residual value (EV of $1 PV of $1 EVA of $1 PVA of $1 EVAD of $3 and PVAD of 53 (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2023 Winn's fiscal year is the calendar year. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollars.) View transaction Journal entry worksheet 5 7 B 30 > Record depreciation for Winn Extra before t O December 31 2023 General Jesal Debit Cred Clear entry