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questions: just need debit and credits filled out please
Exercise 1517 (Algo) Lessee and lessor; operating lease [LO15-4] On January 1, 2021, Nath-Langstrom Services, Inc, a computer software training firm leased several computers under a two-year operating lease agreement from ComputerWorld Leasing. which routinely finances equipmient for other fimns at an armtial interest rate of 4%. The contract calls for four rent payments of $19000each. payabie seminnualy on June 30 and December 31 euch ycar, The computers were acquired by ComputerWorld at a cost of $108.000 and were expected to have a useful afe of elght years with no residual value. Both firms record amortization and depreciation semiannualy IEV of SI. EV of S. FXA. af SL EVA ofS. AVAD of SI and PVAD of SD) (Use eppropriate foctor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by NathLangstrom Services for the lirst year of the lease: 2. Prepare appropriate journal entries recorded by CompunerWorld Leasing for the fisst year of the lease Answer is not completes. Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries racorded by Nath-iangstrom Services for the fist yoar of the lease. ar no enty a required final answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries zecorded by Nath-Langstrom Services for the first yar of the leuse. (If no entry is iequird for a transactionverent, select "Ho foarnal entry required" in the first account fiess, (leound your interinesate calculations and final aribwen to the nearest whole dollar.) 2. Prepare appropriate journal entries recorded by ComputerVorid Leasing for the first year of the lease. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepatm appropriate journal entries recorded by Computerworld Leasing for the fre year of the lease. (if ne enery is required for a tratsectionvevent, select "No journal entry required" in the first aocount field. Chesund yoar intermedate caiculations and final ansvers to the nearest whole dollac) Exercise 1517 (Algo) Lessee and lessor; operating lease [LO15-4] On January 1, 2021, Nath-Langstrom Services, Inc, a computer software training firm leased several computers under a two-year operating lease agreement from ComputerWorld Leasing. which routinely finances equipmient for other fimns at an armtial interest rate of 4%. The contract calls for four rent payments of $19000each. payabie seminnualy on June 30 and December 31 euch ycar, The computers were acquired by ComputerWorld at a cost of $108.000 and were expected to have a useful afe of elght years with no residual value. Both firms record amortization and depreciation semiannualy IEV of SI. EV of S. FXA. af SL EVA ofS. AVAD of SI and PVAD of SD) (Use eppropriate foctor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by NathLangstrom Services for the lirst year of the lease: 2. Prepare appropriate journal entries recorded by CompunerWorld Leasing for the fisst year of the lease Answer is not completes. Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries racorded by Nath-iangstrom Services for the fist yoar of the lease. ar no enty a required final answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries zecorded by Nath-Langstrom Services for the first yar of the leuse. (If no entry is iequird for a transactionverent, select "Ho foarnal entry required" in the first account fiess, (leound your interinesate calculations and final aribwen to the nearest whole dollar.) 2. Prepare appropriate journal entries recorded by ComputerVorid Leasing for the first year of the lease. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepatm appropriate journal entries recorded by Computerworld Leasing for the fre year of the lease. (if ne enery is required for a tratsectionvevent, select "No journal entry required" in the first aocount field. Chesund yoar intermedate caiculations and final ansvers to the nearest whole dollac)
