Question: Atlanta Company engaged in leasing a machine for quality control that requires payment of $3,800 at the end of each month. The economic life of the machine is 4 years. Poland Company normally is subject to 3.25% interest rate in business transactions. Click bere to use Excel, Example of Answer: A5678.20D A15000.00D Two Decimal Points. No comma, space, or dollar sign. Assume lease period is 45 months. What type of lease is this? Type in complete name. Answer = Capital lease Assume lease period is 45 months. Provide journal entry on the date the lease contract was signed. Answer = 1160785.78D0785.78C Assume lease period is 45 months. Provide journal entry for the second monthly payment. Answer = E3373.65D .26.35D.3800.00C Assume lease period is 30 months. Provide journal entry for the second monthly payment. Answer =3513.33D3800.00C Question: Atlanta Company engaged in leasing a machine for quality control that requires payment of $3,800 at the end of each month. The economic life of the machine is 4 years. Poland Company normally is subject to 3.25% interest rate in business transactions. Click bere to use Excel, Example of Answer: A5678.20D A15000.00D Two Decimal Points. No comma, space, or dollar sign. Assume lease period is 45 months. What type of lease is this? Type in complete name. Answer = Capital lease Assume lease period is 45 months. Provide journal entry on the date the lease contract was signed. Answer = 1160785.78D0785.78C Assume lease period is 45 months. Provide journal entry for the second monthly payment. Answer = E3373.65D .26.35D.3800.00C Assume lease period is 30 months. Provide journal entry for the second monthly payment. Answer =3513.33D3800.00C