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Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024. Insight Machines...

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Accounting

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Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024. Insight Machines manufactured the equipment at a cost of $270,000 and lists a cash seling price of $369.077. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a finenciol calculator. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of S1) Required: 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2024, and on March 31,2024. 2. Prepare appropriate entries for insight Machines to record the arrangement at its beginning, January 1, 2024, and on March 31. 2024

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