estion 3 of 5 0.76/1 lossom Corporation, which uses ASPE, enters into a 6-year lease of equipment on September 1, 2020, that requires 6 annual ayments of $29,300 each, beginning September 1, 2020. In addition, Blossom guarantees the lessor a residual value of $16,600 at ease end. The equipment has a useful life of seven years. Assume that for Moxey Corporation, the lessor,collectibility is reasonably redictable, there are no important uncertainties concerning costs, and the equipment's carrying amount is $133,000 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 9%. (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, eg. 1.25124 and final answers to decimal places, eg. 5,275.) Debit Credit Date Account Titles and Explanation 153165 Sept. 1 Lease Receivable Sales Revenue 4'C Cloudy ANG 513 2011 ew the factor table PRESENT VALUE OF 1. ew the factor table PRESENT VALUE OF AN ANNUITY DUE. y's September 1, 2020 journal entries, assuming an interest rate of 9%. (Credit account titles are automatically indented ant is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts alues to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, eg. 5,275.) count Titles and Explanation Debit Credit Lease Receivable 153165 Sales Revenue (To record inception of lease.) 1R2020 Costa Grada Sold 4'C Cloudy 1