Save & Exit Submit Check my work Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2021. Insight Machines manufactured the equipment at a cost of $270,000 and lists a cash selling price of $369,077. Appropriate adjusting entries are made quarterly. (EV of $1, PV of $1. EVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly lease payments Economic life of asset 5 years (20 quarterly periods) $20,258 at Jan. 1, 2821, and at Mar. 5 years Interest rate charged by the lesson 4% Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021. 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, 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 entries for Eye Deal to record the arrangement at its beginning, Januz entry is required for a transaction/event, select "No journal entry required" in the first aco calculations and final answer to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 4 Record the beginning of the lease for Eye Deal. Note: Enter debits before credits < Previ 10 of 14 Next >>