Act # Credit Debit 45,000 6,200 26,150 Accounts Salaries Expense Payroll Tax Expense Retained Earnings Equipment Accounts Receivable Insurance Expense Utilities Expense Merchandise Inventory Accounts Payable Common Stock 1 Cash Cost of Goods Sold Sales Accumulated Depreciation-Eq 46,000 8,000 1,600 800 12,000 7,400 30,000 16,000 38,950 95,000 16000 174,550 Total 174,550 hedule in the Computations Tab. May 1" Entered into a 5-year lease agreement for equipment requiring payment of $800 at the end of each month for 60 months. The equipment has an economic life of 6 years with no salvage value. Company's incremental borrowing rate is 6% per year. Journalize the transaction and prepare the necessary capital lease amortization schedule in the Computations Tab