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Eye Deal Optometry leased vision - testing equipment from Insight Machines on January 1 , 2 0 2 4 . Insight Machines manufactured the equipment

Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1,2024. Insight Machines manufactured the equipment at a cost of $350,000 and lists a cash selling price of $437,810. Appropriate adjusting entries are made quarterly.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
\table[[Lease term,5,years (20 quarterly periods)],[\table[[Quarterly lease payments],[Economic life of asset]],\table[[$26,250
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