D FIN1-2018 ACT 3603 Intermediate Accounting II b) Stick Company's Book Account Title Date Ref. Credit Debit Jan. 1 2. On January 2, 2018, the Wind Studios leased six computers for use in the engineering department. The lease period is for 13 years and the estimated economic life of the leased property is 15 years. The lease does not contain automatic title transfer or a bargain purchase option. Lease payments are $9,000 per year, payable each December 31. The implicit interest rate is 10 percent. The company uses straight- line depreciation for this type of equipment. Required: - Provide the necessary journal entries to record the transactions for Wind for the period January 2, 2018 through December 31, 2019. Date Account Title Ref. Debit Credit