Tamarisk Corporation recorded a right$-$of$-$use asset for $$259,700$ as a result of a finance lease on December $31,2024.$ Tamarisk's

incremental borrowing rate is $11\%,$ and the implicit rate of the lessor was not known at the commencement of the lease. Tamarisk

made the first lease payment of $$49,651$ on December $31,2024.$ The lease requires $7$ annual payments. The equipment has a useful

life of $7$ years with no residual value.

Prepare Tamarisk's December $31,2025,$ entries. $($List all debit entries before credit entries. Credit account titles are automatically indented

when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

Round answers to $0$ decimal places e$.$g$.5,275.)$

Date

Account Titles and Explanation

December $31,$

$2025$

Debit

Credit

Credit

$($To record lease payment$)$

$($To record lease payment$)$

December $31,$

$2025$

$($To record amortization of the right$-$of$-$use asset$)$