Problem 15-25 (Algo) Operating lease; uneven lease payments [LO15-4, 15-7) On January 1, 2021, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of $6700 in 2021, $9,400 in 2022 and $12,100 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 4% interest rate when calculating lease payments. (EV of $1. PV of $1. FVA 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 Journal entry worksheet 2 3 5 6 7 > Record for Harlon Consulting the beginning of the lease. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Problem 15-25 (Algo) Operating lease; uneven lease payments [LO15-4, 15-7) On January 1, 2021, Harion Consulting entered into a three-year lease for new office space agreeing to lease payments of $6700 in 2021, $9.400 in 2022 and $12,100 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 4% Interest rate when calculating lease payments. (FV of $1. PV of S1. 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 Journal entry worksheet 2013 4 5 6 7 Record the lease payment for Harlon Consulting Note: Enter debts before credits Date December 31, 2021 General Journal Debit Credit Problem 15-25 (Algo) Operating lease; uneven lease payments (LO15-4, 15-7) On January 1, 2021, Harlon Consulting entered into a three-year lease for new office space agreeing to lease payments of $6,700 in 2021, $9.400 in 2022 and $12,100 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 4% Interest rate when calculating lease payments. (FV of $1. PV of $1. FVA 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 Journal entry worksheet
