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Orice Company on January 1, 2001, enters internacilable for equipment having an estimated useful for 10 years and a fair value to the lessor Duty Corp. at the notion of the base of 4.200.000 Orioles incremental borrowing rates Orloses the straight line method to depreciate it. The last contains the following provision 1 stal payments of $262.000 are able at the beginning of each month period 2. Anton allowing the lessor to send the least one year beyond the laten Aparate by Orole Company that Daly Corp was. troming the thesis of the law. However the residuale pected to be $125.000 Click here to view tactor tation What kind of Oromo List of Accounts The What is the present value of the lease payments (1) for dassification of the lease and (2) for measurement of the lease liability (Round final answers to decimal lock, 5432) 1 $ 2. $ List of Accounts What journal entries would Oriole record during the first year of the lease? (dit account titles are automatically indented when amount is entered. Do not indent manually Round present facto the final answer to decimal places e 5,275. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit (To record lease) (To record first lease payment) Orice Company on January 1, 2001, enters internacilable for equipment having an estimated useful for 10 years and a fair value to the lessor Duty Corp. at the notion of the base of 4.200.000 Orioles incremental borrowing rates Orloses the straight line method to depreciate it. The last contains the following provision 1 stal payments of $262.000 are able at the beginning of each month period 2. Anton allowing the lessor to send the least one year beyond the laten Aparate by Orole Company that Daly Corp was. troming the thesis of the law. However the residuale pected to be $125.000 Click here to view tactor tation What kind of Oromo List of Accounts The What is the present value of the lease payments (1) for dassification of the lease and (2) for measurement of the lease liability (Round final answers to decimal lock, 5432) 1 $ 2. $ List of Accounts What journal entries would Oriole record during the first year of the lease? (dit account titles are automatically indented when amount is entered. Do not indent manually Round present facto the final answer to decimal places e 5,275. Record journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit (To record lease) (To record first lease payment)