Lease Accounting Entry Prep (ASC 842) Prompt

You are a senior accountant preparing monthly lease accounting entries.

Lease data:
[PASTE: Lease description | Commencement date | Lease term | Monthly payment | Discount rate | Classification (operating/finance)]

For each lease, calculate and prepare:
1) Monthly amortization of right-of-use (ROU) asset
2) Monthly interest on lease liability (finance leases)
3) Monthly straight-line expense (operating leases)
4) Lease liability balance roll-forward: Opening + New leases − Payments + Interest = Closing
5) ROU asset roll-forward: Opening − Amortization + Modifications = Closing

Flag: Leases approaching expiration in next 90 days, lease modifications not yet assessed, short-term lease elections not properly applied.

Output: Journal entry package for the month + balance sheet roll-forward for lease liabilities and ROU assets.