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  3. help please on june 1,2024, lone pine leased a

help please On June 1,2024, Lone Pine leased a building. The lease...

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Accounting

help please
On June 1,2024, Lone Pine leased a building. The lease agreement calls for Lone Pine to make lease payments of $3,624.84 each month for the next two years, with the first lease payment beginning June 30. The company's normal borrowing rate is 9%.
Required:
Calculate the present value of the lease payments. (Hint: Use a financial calculator or Excel.)
Record the lease on June 1,2024.
Complete this question by entering your answers in the tabs below.
Record the lease on June 1,2024.(Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
\table[[,No,Date,General Journal,Debit,Credit],[,1,June 01,2024,Lease Asset,,],[,,,Lease Payable,,]]
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