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Ivanhoe indent manually. If no entry is required, select "No Entry" for the account titles...

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Question

Accounting

Ivanhoe indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round present value factor
calculations to 5 decimal places, e.g.1.25124 and the final answer to 0 decimal places e.g.58,971. List all debit entries before credit
entries.)
Account Titles and Explanation
Debit
Credit
Right-of-Use Asset
Lease Liability
(To record lease)(To record first lease payment)
325vv
Lease Liability
1 Prepare the 2025 journal entries for Ivanhoe. (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 present value factor
calculations to 5 decimal places, e.g.1.25124 and the final answer to 0 decimal places e.g.58,971. List all debit entries before credit
entries.)
Date
Account Titles and Explanation
Debit
Cash
Lease Expense
Interest Expense
(To record lease revenue)(To record lease revenue)
Amortization Expense
Accumulated Depreciation-Right-of-Use Asset
(To record depreciation)
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