Brief Exercise 15-10Prepare the journal entries that the lessee should make to record the following transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)1. The lessee makes a lease payment of $72,080 to the lessor in an operating lease transaction.2. Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is $731,100. The lease qualifies as a capital lease.No.Account Titles and ExplanationDebitCredit1.2.LINK TO TEXT

Open Assignment *@ ASSIG N M ENT RESOURCES New Assignment Chapter 15 Broadening Your Perspective 15-3 Brief Exercise 15-2 Brief Exercise 15-1 Exercise 15-8 Brief Exercise 15-7 Brief Exercise 15-9 Review Score Review Results by Study 0-bjective Mobile Site MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK Brief Exercise 15-10 Prepare the journal entries that the lessee should make to record the following transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1 The lessee makes a lease payment of $72,080 to the lessor in an operating lease transaction. 2 Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is $731,100. The lease qualifies as a capital lease. 1:]:J [::J 2:J:] SS: LINK TO TEXT l