Check my worle On January 1, Falk Company signed a contract to lease space in a building for three years. The current value of the three lease payments is $389,700. Required: Prepare entries for Falk to record (a) the lease asset and obligation at January 1, and (b) the $129,900 straight-line amortization at December 31 of the first year View transaction list Journal entry worksheet 1 2 Record lease asset and obligation. Note: Enter debits before credits Date General Journal Debit Credit Jan 01 Prev 14 of 14 Next 12 9/2 Journal entry worksheet K 1 2 Record lease asset and obligation. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal