Rick Kleckner Corporation recorded a capital lease at $250,250on January 1, 2014. The interest rate is14%. Kleckner Corporation made the first lease payment of $51,190on January 1, 2014. The lease requires 7 annual payments. The equipment has a useful life of7years with no salvage value.

Assume that at December 31, 2014, Kleckner made an adjusting entry to accrue interest expense of $27,868on the lease.

Prepare Kleckners January 1, 2015, journal entry to record the second lease payment of $51,190.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 125.)

Date	Account Titles and Explanation	Debit	Credit
January 1, 2015