Scape Corp. manufactures telephony equipment Scape leased equipment to User, Inc. on January 1, 2018. Scape produced the equipment at a cost of $6,000,000 La doncription Quarterly rental payments Le tem No residual value; no APO Economic life of equipment Implicit interest rate and lease incremental borrowing rate Tair value of annet 5466,510 at beginning of each period years (24 quartos) $9.000.000 Required: Prepare appropriate entries for both User and Scape from the beginning of the lease through the second rental payment on April 1. 2018. 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 Losse Scape Less Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2018. Depreciation and amortization are recorded at the end of each focal year (December 31). (if no entry is required for a transaction/event, select "No Journal entry required in the first account held Round your answers to the nearest whole dollar amounts) View transaction list Journal entry worksheet 1 2 3 Record the lease Complete this question by entering your answers in the tabs below. User Lessee Scape Lessor Prepare appropriate entries for User from the beginning of the lease through the second rental payment on April 1, 2018. Depreca and amortization are recorded at the end of each fiscal year (December 31). (If no entry is required for a transaction/event, select Journal entry required in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 3 3 Record the cash payment. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2018 Prey 1 of 6 !!! Next Complete this question by entering your answers in the tabs below. User Lessee Scape Lessor Prepare appropriate entries for User from the beginning of the lease through the second rental payment on A and amortization are recorded at the end of each fiscal year (December 31). (If no entry is required for a tran Journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet Record the cash payment. Note: Enter debits before credits. Dato General Journal Debit Credit April 01, 2018 Complete this question by entering your answers in the tabs below. User Lessee Scape Lessor Prepare appropriate entries for Scape from the beginning of the lease through the second rental pa and amortization are recorded at the end of each fiscal year (December 31). (If no entry is require Journal entry required in the first account field. Round your answers to the nearest whole dollar ar View transaction list Journal entry worksheet 1 2 Record the lease Note: Enter debits before credits Date General Journal January 01, 2018 Dobit Credit Complete this question by entering your answers in the tabs below. User Lessee Scape Lessor Prepare appropriate entries for Scape from the beginning of the lease through the second rental payme and amortization are recorded at the end of each fiscal year (December 31). (If no entry is required for journal entry required in the first account field. Round your answers to the nearest whole dollar amour View transaction list Journal entry worksheet Record the cash received. Note: Enter debits before credits Date January 01, 2018 General Journal Dobit Credit berowe User Lessee Scape Lessor Prepare appropriate entries for Scape from the beginning of the lease through the second rental payr and amortization are recorded at the end of each fiscal year (December 31). (If no entry is required journal entry required" in the first account field. Round your answers to the nearest whole dollar amo View transaction list Journal entry worksheet 1 2 3 Sony Record the cash received. Note: Enter debits before credits Date April 01, 2018 General Journal Debit Credit