create the journal entires for jan 1, dec 31

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please

A lease agreement is reached between a lessor and a lessee
The term of the lease is $25,000.00 per year for 3 years starting on January 1, 2020,
where the first payment is due on January 1, 2020.
The lessee's incremental borrowing rate is 7.00%
Create the general journal entries for the lessee on January 1, 2020 when the
capital lease is generated, and on December 31, 2020 when the first payment is made.
(check figure: $21,835.97 credit to Lease Obligation on the
December 31, 2020 bond payment general journal entry)
Value
Date	Payment	Interest	Obligation			1/1/20	Leased Asset
							Lease Obligation
							Cash
						12/31/20	Interest Expense
							Lease Obligation
							Cash