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please answer all 12 journal entries Journal entry worksheet (1) 56 7. Record the purchase of the leasehold improvements by Winn. Note: Enter debits before
please answer all 12 journal entries
Journal entry worksheet (1) 56 7. Record the purchase of the leasehold improvements by Winn. Note: Enter debits before credits. Journal entry worksheet (2) 3 4 5 6 7 8 12 Record depreciation for Winn. Note: Enter debits before credits. Record entry Clear entry View general journal Journal entrv worksheet Journal entry worksheet 567 Record the advance payment made at the beginning of the lease by Winn. Note: Enter debits before credits. Journal entry worksheet Record the lease and interest payment for Winn. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet (1) 3 Journal entry worksheet 5678 Record the lease and interest payment for Winn. Note: Enter debits before credits. Journal entry worksheet 1 2 5 Record the lease and interest payment for Winn. Note: Enter debits before credits. On January 1, 2024, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement. specified three annual lease payments of \$96,000 each, beginning December 31, 2024, and on each December 31 through 2026. The lessor. HVAC Leasing, calculates lease payments based on an annual interest rate of 5%. Winn also paid a $321,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the bulding before occupying the space at a cost of $417,000. The useful life of the builing and the structural modifications were estimated to be 30 years with no residual value. Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of S1. FVA of S1. PVA of S1, FVAD of S1 and PVAD of S1) Required: Prepare the appropriate entries for Winn Heat Transfer from the beginning of the lease through the end of 2026 . Winn's fiscal year is the calendar year Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar. Journal entry worksheet Note: tnter debits betore credits. Journal entry worksheet Journal entry worksheet 1 4 6 Record depreciation for Winn. Note: Enter debits before credits Step by Step Solution
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