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Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1,2021 . Insight Machines manufactured the equipment at a cost of $340,000 and lists

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Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1,2021 . Insight Machines manufactured the equipment at a cost of $340,000 and lists a cash selling price of $390,757. Appropriate adjusting entries are made quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. Complete this question by entering your answers in the tabs below. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.) Journal entry worksheet Record the beginning of the lease for Eye Deal. Note: Enter debits before credits. Journal entry worksheet Record the lease payment made by Eye Deal on January 1, 2021. Note: Enter debits before credits. Journal entry worksheet Record the lease payment made by Eye Deal on March 31, 2021. Note: Enter debits before credits. Journal entry worksheet Record amortization of the right-of-use asset for Eye Deal. Note: Enter debits before credits. Journal entry worksheet Record the beginning of the lease for Insight Machines. Note: Enter debits before credits. Journal entry worksheet Record the lease payment received by Insight Machines on January 1, 2021. Note: Enter debits before credits. Journal entry worksheet Record the lease payment received by Insight Machines on March 31, 2021. Note: Enter debits before credits

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