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On January 1, 2018, QuickStream Communications leased telephone equipment from Digium, Inc. Diglum's cash selling price for the equipment is $1,614,931. The lease agreement specifies six annual payments of $360,000 beginning December 31, 2018, and at each December 31 thereafter through 2023. The six-year lease is equal to the estimated useful life of the equipment. The contract specifies that lease payments for each year will increase by the higher of (a) the increase in the Consumer Price Index for the preceding year and (b) 3 percent. The CPI at the beginning of the lease is 150. Digium routinely leases equipment to other firms. The interest rate in these lease arrangements is 9% (FV 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 journal entries for Quick Stream to record the lease at its beginning date of January 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Record the beginning of the lease for QuickStream Communications, Prepare the appropriate journal entries for QuickStream to recora the lease at its beginning cate of January 1, 2018 required for a transaction/event, select "No journal entry required" in the first account field. Round your answers whole dollar amount.) View transaction list Journal entry worksheet Record the beginning of the lease for QuickStream Communications. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2018