Problem 9-3A (Static) Record leases (LO9-3) On September 1, 2024, a company decides to lease office space in a building. The bulding'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. Signa 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 poyments using an interest rate of 6%. (Hint: Use a financial calculator or Excel) (Do not round intermediate calculations. Round your anwwers to the neviest whole dollar.) Record each lease on September 1, 2024. (If no entcy 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 dollac.) Journal entry worksheet Record a two-year lease with monthly payments of $3,000. Note; Enter debits before creitits. Record each lease on September 1, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entiy Required" in the first account fieid. Do not round intermediate calculations. Round your answers to the nearest whole ilhilar) Journal entry worksheet 3 Record a three-year lease with monthly payments of $2,750. Note: Iritre detirta beforta credity. ecord each lease on September 1, 2024. (If no entry is tequired for ia particular transaction/event, 5elect "No Journal Entry Required" in ee first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollor.) Journal entry worksheet Record a fouryear lease with monthly payments of $2,500. Note: I Fres debits befone credits. 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 which option is the lease payable recorded for the highest amount
