Your answer is partially correct. Try again. Oriole Corporation, which uses ASPE, enters into a 6-year lease of equipment on September 13, 2017 that requires 6 annual payments of $24,000 each, beginning September 13, 2017. In addition, Oriole guarantees the lessor a residual value of $13,000 at lease end. The equipment has a useful life of 6 years. Click here to view the factor table. Using tables, a financial calculator, or Excel functions, calculate the amount of the capital lease and prepare Oriole's September 13, 2017 journal entries, assuming an interest rate of 12%. (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. Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Sept. 13 Lease Liability 110515 Rent Payable 110515 (To record inception of lease) Sept. 13 Lease Receivable 24000 Cash JLT 24000 (To record first lease payment)