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January 1 2 0 2 4 Nath - Langstrom Services, Incorporated , a computer software training firm, leased several computers under a two - year

January 12024 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 eachpayable 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 : Use , Excel, or a financial calculator of EVA of PVA EVAD of and PVAD of Required: Prepare appropriate journal entries recorded by Nath- Langstrom Services for the first year of the lease Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease Complete this question by entering your answers in the below Required 12 Prepare appropriate journal entries recorded by Nath -Langstrom Services for the year of the lease entry required for a transaction event, select entry required the your whole

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