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Lessee Journal Entries - Finance Lease: 1. Prepare the journal entries on 1/1, Year 7. 2. Prepare the journal entry on 12/31, Year 7. 3.

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Lessee Journal Entries - Finance Lease: 1. Prepare the journal entries on 1/1, Year 7. 2. Prepare the journal entry on 12/31, Year 7. 3. Prepare the journal entry on 1/1, Year 8 . 4. Prepare the journal entry on 12/31, Year 8. 5. Prepare the journal entry on 1/1, Year 9

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