Business, 07.10.2019 22:00 pillgiing

On january 1, 2018, nath-langstrom services, inc., a computer software training firm, leased several computers under a two-year operating lease agreement from computerworld leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. the contract calls for four rent payments of $12,500 each, payable semiannually on june 30 and december 31 each year. the computers were acquired by computerworld at a cost of $95,000 and were expected to have a useful life of five years with no residual value. both firms record amortization and depreciation semi-annually. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)required: prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your intermediate calculations to the nearest whole dollar amount.)1. 1/01/18 record the beginning of the lease for nath-langstrom services.2. 6/30/18 record the lease payment and interest expense for nath-langstrom services.3. 6/30/18 record the amortization expense for nath-langstrom services.4. 12/31/18 record the lease payment and interest expense for nath-langstrom services.5. 12/31/18 record the amortization expense for nath-langstrom services.6. 6/30/18 record the lease revenue received by computerworld leasing.7. 6/30/18 record the depreciation expense for computerworld leasing.8. 12/31/18 record the lease revenue received by computerworld leasing.9. 12/31/18 record the depreciation expense for computerworld leasing

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On january 1, 2018, nath-langstrom services, inc., a computer software training firm, leased several...