Carla Vista Corporation, which uses ASPE, enters into a 6-year lease of equipment on September 1, 2020, that requires 6 annual payments of $24,600 each, beginning September 1, 2020. In addition, Carla Vista guarantees the lessor a residual value of $12,100 at lease end. The equipment has a useful life of seven years. Assume that for Moxey Corporation, the lessor, collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the equipment's carrying amount is $105.000. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. Prepare Moxey's September 1, 2020 journal entries, assuming an interest rate of 10%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Sept. 1 (To record inception of lease.) Sept. 1 (To record cost of goods sold.) Sept. 1 (To record first lease payment.)