FREE Exercise 15-14 On January 1, 2020, Pharoah Inc entered into an agreement to lease 20 computers from Drummond Electronics. The terms of the lease agreement require three annual rental payments of $37,000 (including 10% Interest) beginning December 31, 2020. The present value of the three rental payments is $92,013. Pharoah considers this a finance lease. Wepare the journal entry to record the late agreement on the books of Pharoah tre, on January 1, 2020. (Create account witles are automatically indented when amount is entered. Da net Indent manually.) Date Account Titles and Explanation Debit Credit Han 1 Lossed Assetoviament Lease ability Click if you would like to show Work for this question? Doen Show. Work LIST OP ACCOUNTS TO TY