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The lessee pays maintenance costs as incurred. The lessor pays insurance premiums as incurred. The payments of $125,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first acco and final answers to nearest whole dollar. Journal entry worksheet Note: Enter debits before credits: The lessee pays maintenance costs as incurred. The lessor pays insurance premiums as incurred. The lease agre payments of $125,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. and final answers to nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. The lessee pays maintenance costs as incurred. The lessor pays insurance premiums as incurred. The leas payments of $125,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accoun and final answers to nearest whole dollar. Journal entry worksheet