Rick Kleckner Corporation recorded a capital lease at $213,360 on January 1, 2014. The interest rate is 12%. Kleckner Corporation made the first lease payment of $46,334 on January 1, 2014. The lease requires 6 annual payments. The equipment has a useful life of 6 years with no salvage value.
Prepare Kleckner Corporation's December 31, 2014, adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 125.)