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I need help woth the 1st payment on the lease agreement May 31 Made the 1 payment on lease agreement in transaction in the above.

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May 31" Made the 1" payment on lease agreement in transaction in the above. Journalize the transaction. May 31" Made the 1" payment on purchased of delivery truck in transaction in the above. Journalize the transaction. May 1" Entered into a 5-year Icase agreement for equipment requiring payment of $800 at the end of each month for 60 months. The equipment has an economic life of 6 years with no salvage value. Company's incremental borrowing rate is 6% per year. Journalize the transaction and prepare the necessary capital lease amortization schedule in the Computations Tab

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