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On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6%. The contract calls for four rent payments of $12,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $94,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1. PV of $1. FVA of $1. PVA of S1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 3 1 > 2 4 5 Record the beginning of the lease for Nath-Langstrom Services Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021 the nearest whole dollar.) View transaction list 3 Journal entry worksheet 1 2 5 t Record the beginning of the lease for Nath-Langstrom Services. nces Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general Journal Required Required 2 > View transaction list Book Journal entry worksheet Hint MacBook Pro transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 4 5 Record amortization for Nath-Langstrom Services. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 Record entry Clear entry View general Journal RUS Required 2 > Required 1 Required 2 25 points Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) eBook View transaction list Hint Journal entry worksheet 3 5 Print Record the lease payment made by Nath-Langstrom Services References Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal Required 1 Required 2 > Mc Graw 5 pints Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) View transaction list eBook Hint Journal entry worksheet Me Graw Hill MacBook Pro the nearest whole dollar.) Round your intermediate calculations and final answers to ook View transaction list int Journal entry worksheet MacBook Pro Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) eBook View transaction list Hint Journal entry worksheet Print 1 3 4 Record depreciation for ComputerWorld Leasing. eferences Note: Enter debits before credits General Journal Debit Cred Date June 30, 2021 Record entry Clear entry View general Journal AN W MacBook Pro Ints Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) eBook View transaction list Hint Journal entry worksheet Record depreciation for Computerworld Leasing. references Note: Enter debits before credits Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general Journal Pand w MacBook Pro Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) Book View transaction list 8 Hint Journal entry worksheet 1 2 3 4 Record the lease payment received by ComputerWorld Leasing, erences Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal MacBook Pro nts Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) eBook View transaction list Hint Journal entry worksheet 1 2 3 Print 4 > Record depreciation for Computerworld Leasing. References Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general Journal Taw Bill MacBook Pro