Amprican Food Servkes, Incorporated leased a packaging machine from Bartoe and Baiton. Corporation Barton and Barton completed construction of the machine on Jonuory 1, 2024 . The leose agreement for the 542 million flair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful hfe of the machine was expected to be four years with na reskthal value Barton and Barton's implicit interestrate was 9 \% Note: Use tables, Excel, or a financial calculator, (FV of S1. PV of $1, EVA of S1, PVA of S1i FVIAD of S1 and PVAD of S1) Retuirect: 1. Prepare the journal entry for American Food Services at the beginning of the fease. on dantary 1 . 2024 2. Prepare an amortization schedule for the fourdyear term of the lease: 3. 84 . Prepare the eppropriate entries related to the lease on December 31,2024 and 2026 Complete this question by entering your answers in the tabs below. Prepare an amortization sahedule for the four-pear term of the lease Note: Enter your answers in whole dollars and not in rullibrb. Round your intermediate and hinat answers to the nearest whole dolar. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries related to the lease on December 31, 2024 and 2026. Nore: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars and not in milions. Round your intermediate and final answers to the nearest whole dollar: Journal entry worksheet 4 Record the lease payment and interest expense for American Food Services. Noter inter detits before aredit: Complete this question by entering your answers in the tabs below. Prepare the appropriate entries related to the lease on December 31,2024 and 2026. Note: If no enthy is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars and not in millions: Round your intermediate and final answers to the nearest whole dollar. Journal entry worksheet Record the amortization for American Food Services. Notit fi Mar debitw berord credith. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries related to the lease on December 31,2024 and 2026. Note: If no entry is required for a transaction/event, select "No jourmal entry required" in the first account field. Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole dollar. Journal entry worksheet 4 Record the lease payment and interest expense for American Food Services. Neter Finter dothits belore credits. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries related to the lease on December 31,2024 and 2026. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions, Round your intermediate and final answers to the nearest whole dollar: Journal entry worksheet Record the amortization for American Food Services. Nolesilinter sebits before crenits
