A leased equipment from B on Jan 1 2024. The equipment

losspe. lesso Aleased equipment from B on January 1, 2024. The equipment has a fair value of $400,000. The lease requires six equal payments at the beginning of each year. The useful life of the machine was expected to be six years with no residual value. The appropriate interest rate for this lease is 5%. Please make the entries for A and for B for the period 01/02/2024 through 12/31/2025. Operating lease an ? annual lease payments are payable at the beginning