Problem 9-3A (Static) Record leases (LO9-3) On September 1, 2024, a company decides to lease office space in a building. The building's owner offers the company the following options, with the first monthly payment beginning September 30,2024 : 1. Sign a two-year lease with monthly payments of $3,000. 2. Sign a three-year lease with monthly payments of $2,750. 3. Sign a four-year lease with monthly payments of $2,500. Required: 1. For each option, calculate the present value of the lease payments using an interest rate of 6%. (Hint Use a financial calculator or Excel.) 2. Record each lease on September 1, 2024. 3. For which option is the lease payable recorded for the highest amount? Complete this question by entering your answers in the tabs below. For each option, calculate the present value of the lease payments using an interest rate of 6%. (Hint: Use a financial calculator or Excel.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Problem 9-3A (Static) Record leases (LO9-3) On September 1, 2024, a company decides to lease office space in a building. The building's owner offers the company the following options, with the first monthly payment beginning September 30,2024 : 1. Sign a two-year lease with monthly payments of $3,000. 2. Sign a three-year lease with monthly payments of $2,750. 3. Sign a four-year lease with monthly payments of $2,500. Required: 1. For each option, calculate the present value of the lease payments using an interest rate of 6%. (Hint: Use a financial calculator or Excel.) 2. Record each lease on September 1,2024 3. For which option is the lease payable recorded for the highest amount? Complete this question by entering your answers in the tabs below. Record each lease on September 1, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dolliar.) Journal entry worksheet Record a two-year lease with monthly payments of $3,000
