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On January 1 , 2 0 2 4 , Harlon Consulting entered into a three - year lease for new office space agreeing to lease

On January 1,2024, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of $6,800 in 2024, $9,600 in 2025, and $12,400 in 2026. Payments are due on December 31 of each year with the first payment being made on December 31,2024. Harlon is aware that the lessor used a 5% interest rate when calculating lease payments.
Required:
1-4. Prepare the appropriate entries for Harlon Consulting on January 1,2024, December 31,2024,2025 and 2026 to record the lease.
Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Record for Harlon Consulting the beginning of the lease.
Record the lease payment for Harlon Consulting.
Record the amortization expense for Harlon Consulting.
Record the lease payment for Harlon Consulting.
Record the amortization expense for Harlon Consulting.
Record the lease payment for Harlon Consulting.
Record the amortization expense for Harlon Consulting.Answer is not complete.
\table[[No,Date,General Journal,Debit,Credit],[1,January 01,2024,Right-of-use asset,,25,898,],[,Lease payable,O?,,25,898
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