Oriole Corporation, which uses ASPE, enters into a 6-year lease of equipment on September 1, 2020, that requires 6 annual payments of $32.400 each, beginning September 1, 2020. In addition, Oriole guarantees the lessor a residual value of $19,600 al lease end. The equipment has a useful life of seven years. Assume that for Moxey Corporation, the lessor, collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the equipment's carrying amount is $154,000, Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare Moxey's September 1, 2020 journal entries, assuming an interest rate of 8%. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts. Round factor values to 5 decimal places, eg. 1.25124 and final answers to O decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Sept. 1 (To record inception of lease.) Sept. 1 (To record cost of goods sold.) Sept. 1 (To record first lease payment.)