THERE ARE $8$ JOURNAL ENTRY ROWS PLEASE DONT TAKE THE QUESTION IF YOU CANT ANSWER IT$!!!!$

Oriole COmpany $($Machinery dealer$)$ leased a maching to Pharoah Corporation Jan. $12025.$ Lease if for an $8-$year period and requires equal annual payments of $31,144$ at the beginning of each year. The first payment is recieved Jan $1$st $2025.$ Oriole had purchased the machine furing $2024$ for $$123,000.$ Collectibility of lease payments by Oriole id probale. Oriole set the annual rental to ensure a $6\%$ rate of return. The machine has an economic life of $10$years with no residual value and reverts to Oriole at the termination of the lease. $($b$)$

Prepare all necessary journal entries for Oriole for $2025.($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$.5,275.$ Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Right$-$of$-$Use Asset

$($To record the lease$)$

Unearned Lease Revenue

$($To record the first lease payment$)$

THERE ARE $8$ JOURNAL ENTRY ROWS!!!!!! $8!!$ PLEASE DON"T TAKE THE QUESTION F YOU ARE NOT GOING TO ANSWER IT$!!!$

There are $4$ Journal entries to record the lease,

To record the first lease payment

Cash $31144$

$????31444($These are both correct$)$

Then there are $2$ final journal entries....

This is the $3$rd time asking the same question!!!!!

Please dont take it if you don't know accounting!!!