Alease agreement for capital equipment requires Vanaza Transport Lid to make 10 annual payments of 500,000, with the first payment due on January 2, 2020, the date of the inception of the loase Required Requirement 1. Journalize the beginning of loase form and first annual payment (List debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit 2020 Jan 2 Accumulated Amortization Leased Equipment Amortization Expense Cash Journalire the interest Expense Leased Equipment Lease Expense Lease Liability Dec 31 est whole dollar) Date Debit Credit Journalize the interest expense on lease liability (Round your answer to the nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question yment. (List debits first, then credits. Explanations are not required.) i Required - X rest whd 1. Journalize the following lessee transactions assuming that it is a capital lease: 2020 Jan. 2 Beginning of lease term and first annual payment. The present value of the nine future lease payments at 10 percent is $345,540. Dec 31 Amortization of equipment (10 percent) 31 Interest expense on lease liability 2021 Jan. 2. Second annual lease payment 2. Assume now that this is an operating lease. Journalize the January 2, 2020, lease payment De Print Done he nearest whole dollar.)