1. Record the beginning of the lease for Rheims Power.
2. Record the lease payment for Rheims Power
3. Record the lease and interest payment for Rheims Power
4. Record the amortization of right-to-use asset for Rheims Power.

Rheims Power leased high-tech electronic equipment from Lyons Leasing on January 1, 2021. Lyons purchased the equipment from Nguyen Machines at a cost of \\( \\$ 75,000 \\). (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: Prepare appropriate journal entries for Rheims Power from the commencement of the lease through March 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter. (If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field. Round your answers to the nearest whole dollar amounts.)