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payabie for the purchase of the equipment. The company can sigh 821 - month loase for the equipment by agreeing to pay $9,492,50 at the end of each month, beginning January 31, 2024. At the end of the lease, the equipment must be retumed. Assuming a borrowing rate of 1296, record the fease. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fieldi.) Journal entry worksheet The company can purchase the equipment by borrowing $233,000 with a 21 month, 12% installment note. Payments of $12,356,17 are due at the end of isfifunce of the instaliment note payable for the purchase of the equipment. Note: Enter debuts before crefits. payable for the purchase of the equipment. 2. The company can sign a 21 - month lease for the equipment by ogreeing to pay $9,492.50 at the end of each month, beginne? Jantiary 31, 2024. A the end of the lease, the equipment must be returned. Assuming a borrowing rate of 12%, recard tho lease. Journal entry worksheet The company can sign a 21 -month lease for the equipment by agreeing to pay. $9,492,50 at the end of each month, beginning January 31,2024 . At the end of the lease, the equipment must be returned Assuminn a tworowing rate of 12%, rocoid the lease. January 1,2024, Paradise Parners decides to upgrade recreational equipment at its resorts. The company is conternplating whether to purchase or lease the new equipment, Use PV of S1 and PVA of S1. (Use oppropriate foctoris) from the tobles provided.) Required; 1. The company can purchase the equipment by borrowing $233,000 with a 21 -month, 12% installinent note. Payments of $2356.7 are due at the end of each month, and the first installment is clue on January 31,2024 . Record the issuance-of the instalment note payable for the purchase af the equipment. 3. As of Janciary 1,2024, does the instaliment note or the lease have a greater effoct on increasing the company/s amount of reported debt and by how much? note of teasitich would tikety be better? Complete this questian by rntering vour answers in the tabs below