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I already wasted one chance on this question I need the answer for REQUIRED 2 section of the question. I understand I have different answers
I already wasted one chance on this question I need the answer for REQUIRED 2 section of the question. I understand I have different answers in the journal entries but I need the RIGHT ANSWER SO SOMEONE PLEASE ANSWER IT CORRECTLY.
On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. - The contract calls for four rent payments of $15,000 each, payable semiannually on June 30 and December 31 each year. - The computers were acquired by ComputerWorld at a cost of $100,000 and were expected to have a useful life of five years with no residual value. - Both firms record amortization and depreciation semiannually. 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) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Journal entry worksheet 45 Record depreciation for ComputerWorld Leasing. Note: Enter debits before credits. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Journal entry worksheet 5 Record the beginning of the lease for ComputerWorld Leasing. Note: Enter debits before credits. \begin{tabular}{|l|l} \hline Required 1 & Required 2 \\ \hline \end{tabular} Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Required 2 Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Journal entry worksheet 12 34 5 Record the lease payment received by ComputerWorld Leasing. Note: Enter debits before credits. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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 answers to the nearest whole dollar.) Journal entry worksheet Record depreciation for ComputerWorld Leasing. Note: Enter debits before credits
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