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6. Yesterday Inc. entered into a 5-year lease and recorded a right-of-use asset and lease liability of $299,200 on January 1, 2020. Yesterday Inc. was
6. Yesterday Inc. entered into a 5-year lease and recorded a right-of-use asset and lease liability of $299,200 on January 1, 2020. Yesterday Inc. was aware of the lessor's implicit rate of interest of 5%. The equipment under lease had an estimated 5-year useful life with no residual value. The first lease payment of $65,817 was due upon commencement of the lease. Required Record all of Yesterday Inc.'s journal entries during the year of 2020 assuming that the lease is properly classified as a finance lease. Round your answers to the nearest whole dollar
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