required 1.

1. Record the beginning of the lease for Charles River

2. Record the quarterly lease payment made by Charles River

3. Record the quarter lease And interest paid by Charles River

4. Record the amortization of Right-of-use-equipment for Charles River

Required 2.

1. Record the beginning of the lease and sales revenue for Plymouth industries.

2. Record the lease revenue received by Plymouth industries

3. Record the lease revenue an interest received by Plymouth industries.

Charles River Hospital leased medical equipment from Plymouth Industries on January 1, 2021. Plymouth Industries manufactured the equipment at a cost of $600.000. The equipment has a fair value of $750,654 Appropriate adjusting entries are made quarterly. Ey of 51. PV of $1. EVA of S1. PVA OS1 EVAD OLS1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Related Information Lease tern 5 years (20 quarterly periods) Quarterly lease payments 543,641 at Jan 1, 2001, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Econonds life of asset Residan value at end of lease tem $33,664 Interest rate charged by the lessor es 6 years on Morch 31, 2021 Required: 1. Prepare appropriate journal entries for Charles River Hospital to record the arrangement at its commencement, January 1, 2021, and 2. Prepare appropriate journal entries for Plymouth Industries to record the arrangement ot as commencement, January 1, 2021, and on March 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare appropriate Journal entries for Charles River Hospital to record the arrangement at its commencement, January 1, 2021, and on March 31, 2021. (ut 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) View transaction at Prepare appropriate jumalates for Charles River How the arrangement commencement, leuary 2021 and on March 3 2021 2. Prepare appropriate memes for youth houses to record the arrangement commencement January 2021, and on March 2021 Complete this restion by entering voor in the tabs below Prepare for Charlotta contrats comment al. 2001. and March 2021. jould the first and found your was to the haled View Journal entry worksheet Meted the beginning of the Carles H. Date Prepare appropriate Journal entries for Plymouth Industries to record the arrangement at its commencement, January 1, 2021, and on March 31, 2021. (it na entry is paired for a transaction/event, sect "No journal entry required in the first account field. Round your Brewers to the best whole dollar amounts.) View transacbonat Journal entry worksheet 1 > Record the beginning of the base and sales revenue for Plymouth Industries General Journal Det Credit Date January 01, 2021 Recond Cherry View general