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Hy Marx Compary recorded a right-of-use asset of $622,000 in a 10-yeat operating iease tease payments are nude annually on January l of each year beginning January 1, 2024. The interest rate charged by the lessor was 10% Note: Use tables, Excel, or a ninenclal calculator. (PV.ot\$1, PV of S1, FVA or S1. PVA of S), FVAD of St and PVAP of S1) Required: Prepare the appropsiate Joumal entries on Jansaty 1,2024. and December 31,2024 Note: If no entry is required for a portliculor transoction, select "No joumel entry required" In the first oceount fleld. Round your anwers to the nearest whole dolier amounts. Journal entry worksheet Recoed the lease. foldel Prker oftilt tofires cetuth January tof each year beginnigg January 1, 2024, The interest rate charged of the lessor Wog 104 , Requlred: Prepale the appropriate joumal entries on January 1,2024 , and December 31, 2024 Note: If no entry it required for a particular trensaction, select "No joumal entry requlted In the firef accocint fleld, Aound your antwers to the nearest whole dalior amounts. Journal entry worksheet Pecced the cash payment. Hy Marx Company recorded a tightiol use asset of $622.000 in a fo-year operating ease. Lealse payments are utache arinaally on Janiaty 1 of each year beginnigg January 1, 2024. The interest cate charged by the iessor was 10: Pequitred: Prepare the approptiate joumei entiles on Janiaty 1. 2024, and December 31.2024. Note: if no entry is requlred for a porticuler tranksction, welect "No journal entry requlred" In the firmt account fleld. Round your anwwers to the neorest whole dollar amounth. Journal entry worksheet \&. 14 H. Menx Compary recorded a right-of-use asser of $622,000 in a 10 -year operating lease. Lease psyments are made annually on. January 1 of each year beginning January 1, 2024. The interest rote charged by the lessor was 103. Note: Use tablec, Escel, or a finencial caleulator. (Hy of\$1, PY of 51. EVA of \$1. PVA of S1, EVAD or \$1 and PVAD or SI). Requlred Prepare the oppiopriate journal entries on Jandory 1,2024, and December 31, 2024. Note: lf no entry is requlred for a particuler trensaction, select "No jeumal entry requlred" In the first account field. Round your onawers to the nearemt whole dollst omounts. Journal entry worksheet ( 123 Fecoed the Armartization meperise