On January 1, 2021, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of $5,000 in 2021, $6,000 in 2022, and $7,000 in 2023. Payments are due on December 31 of each year with the first payment being made on December 31, 2021. Harlon is aware that the lessor used a 5% interest rate when calculating lease payments. (EV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1-4. Prepare the appropriate entries for Harlon Consulting on January 1, 2021, December 31, 2021 2022 and 2023 to record the lease (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.) View transaction list View journal entry worksheet No General Journal Credit Date January 01, 2021 Right-of-use asset Lease payable Debit 16.251 1 16,251 2 December 31, 2021 Interest expense Lease payable Cash 812 4188 5,000 3 December 31, 2021 Amortization expense Right-of-use asset 4 December 31, 2022 interest expense Lease payable Cash 603 5 397 6,000 ere to search Cash 5,000 3 December 31, 2021 Amortization expense Right-of-use asset 4 December 31, 2022 Interest expense Lease payable Cash 603 5,397 6,000 5 December 31, 2022 Amortization expense Right-of-use asset 6 December 31, 2023 Interest expense Lease payable Cash 333 6,667 7.000 7 December 31, 2023 Amortization expense Right-of-use asset Prey 5 of 6 Next >