Brief Exercise 21-8 Monty Corporation owns equipment that cost $85,500 and has a useful life of 9 years with no salvage value. On January 1, 2017, Monty leases the equipment to Donna Havaci Inc. for one year with one rental payment of $14,700 on January 1. Prepare Monty Corporation's 2017 journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2017 To record lease payment.) December 31, 2017 To record depreciation.) SHOW LIST OF ACCOUNTS LINK TO TEXT