Saved Help Sevel Exit Submit Scape Corp. manufactures telephony equipment Scape leased equipment to User, Inc. on January 1, 2021. Scape produced the equipment at a cost of $5,300,000 Toase descriptions Quarterly rental payments tease tem No residual value na PO tonomie life of equipment Teplieit interest rate and less Tale value of asset $541.641 at beginning of each period 5 years (20 quarters) borrowing rate $ 8,300,000 ook Required: Prepare appropriate entries for both User and Scape from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). Complete this question by entering your answers in the tabs below. User Ine Scape Corp Prepare appropriate entries for user from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31) (1 entry is required for a transactionevent. Ne Tournal entry oured in the Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). (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.) points View transaction list 3 o Journal entry worksheet 1 2 3 Record the lease Note: terebit before credits. Date General Journal D ebit Credit January 01, 2021 Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). (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.) View transaction list os Journal entry worksheet Journal entry worksheet 06 Record the lease Note: Enter debits before credits Date Debit Credit January 01, 2021 Record entry Clear entry View general journal View transaction list points Journal entry worksheet ( 8 9 Record the cash received. Note: Inter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the cash received Note: Enter debits before credits Date General Journal Debit Credit April 01, 2021 Record entry Clear entry View general Journal Saved Help Sevel Exit Submit Scape Corp. manufactures telephony equipment Scape leased equipment to User, Inc. on January 1, 2021. Scape produced the equipment at a cost of $5,300,000 Toase descriptions Quarterly rental payments tease tem No residual value na PO tonomie life of equipment Teplieit interest rate and less Tale value of asset $541.641 at beginning of each period 5 years (20 quarters) borrowing rate $ 8,300,000 ook Required: Prepare appropriate entries for both User and Scape from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). Complete this question by entering your answers in the tabs below. User Ine Scape Corp Prepare appropriate entries for user from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31) (1 entry is required for a transactionevent. Ne Tournal entry oured in the Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). (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.) points View transaction list 3 o Journal entry worksheet 1 2 3 Record the lease Note: terebit before credits. Date General Journal D ebit Credit January 01, 2021 Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2021. Depreciation and amortization are recorded at the end of each fiscal year (December 31). (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.) View transaction list os Journal entry worksheet Journal entry worksheet 06 Record the lease Note: Enter debits before credits Date Debit Credit January 01, 2021 Record entry Clear entry View general journal View transaction list points Journal entry worksheet ( 8 9 Record the cash received. Note: Inter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the cash received Note: Enter debits before credits Date General Journal Debit Credit April 01, 2021 Record entry Clear entry View general Journal