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The following facts pertain to a non-cancelable lease agreement between Blossom Leasing Company and Kingbird Company, a lessee. Prepare the journal entries on the lessee's

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The following facts pertain to a non-cancelable lease agreement between Blossom Leasing Company and Kingbird Company, a lessee. Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2025 and 2026 . Kingbird's annual accounting period ends on December 31 . Reversing entries are used by Kingbird. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, es. 5,275.15. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter of or the amounts.)

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