Two independent situations follow: 1. Ready Car Rental leased a car to Indigo Company for three months. Terms of the lease agreement call for monthly payments of $800, beginning on May 21, 2021. Indigo reports using ASPE. 2. On January 1, 2021, InSynch Ltd. entered into an agreement to lease 60 computers from Sandhill Electronics. The terms of the lease agreement require three annual payments of $43,737 (including 5.5% interest), beginning on December 31, 2021. The present value of the three payments is $120,000 and the market value of the computers is $122,000. InSynch Ltd. reports using IFRS. Prepare the journal entry, if any, that each company must make to record the lease agreement (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts) No. Account Titles and Explanation Debit Credit 1. 2. (To record lease asset and liability.) Carla Vista Inc. issues $752,000 of 5-year, 10% bonds on January 1, 2021. The bonds pay interest annually. Calculate the issue price of the bonds using a market rate of 9%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to decimal places, eg. 1,575.) Issue price $ Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Jan. 1, 2021 (To record issuance of bonds.)