Ivanhoe indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. Round present value factor

calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and the final answer to $0$ decimal places e$.$g$.58,971.$ List all debit entries before credit

entries.$)$

Account Titles and Explanation

Debit

Credit

Right$-$of$-$Use Asset

Lease Liability

$($To record lease$)($To record first lease payment$)$

$325vv$

Lease Liability

$$

$1$ Prepare the $2025$ journal entries for Ivanhoe. $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. Round present value factor

calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and the final answer to $0$ decimal places e$.$g$.58,971.$ List all debit entries before credit

entries.$)$

Date

Account Titles and Explanation

Debit

Cash

Lease Expense

Interest Expense

$($To record lease revenue$)($To record lease revenue$)$

Amortization Expense

Accumulated Depreciation$-$Right$-$of$-$Use Asset

$($To record depreciation$)$