cation.com/flow/connect.html hework Help Sav On January 1, 2021. Nath Langstrom Services, Inc., a computer software training firm, leased several computers under a two year operating lease agreement from Computer World Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $15,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computer World at a cost of $101,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. V of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease Complete this question by entering your answers in the tabs below. Required Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease entry is required for a transaction events et "Nyuma entry that count t o your mediate calculations and halwers to the nearest whole dar) General Journal ty u i cation.com/flow/connect.html hework Help Sav On January 1, 2021. Nath Langstrom Services, Inc., a computer software training firm, leased several computers under a two year operating lease agreement from Computer World Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $15,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computer World at a cost of $101,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. V of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by Computerworld Leasing for the first year of the lease Complete this question by entering your answers in the tabs below. Required Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease entry is required for a transaction events et "Nyuma entry that count t o your mediate calculations and halwers to the nearest whole dar) General Journal ty u
