Eastern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Other information: Lease term Annual payments Life of asset Implicit interest rate PV, annuity due, 4 periods, 8% PV, ordinary annuity, 4 periods, 8% Hi-Tech's cost of the equipment There is no expected residual value. Required: 4 years $84,000 on January 1 each year 4 years 8% 3.5771 3.3121 $300,476 Prepare appropriate journal entries for Hi-Tech Leasing for 2021 and 2022. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the lease. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Prepare appropriate journal entries for Hi-Tech Leasing for 2021 and 2022. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet < 1 2 4 5 Record the cash receipt for the annual payments. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credi Record entry Clear entry View general journal Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021 and 2022. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 5 Record the entry for the interest revenue. her debts before credits Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021 and 2022. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet < T 2 3 5 Record the cash receipt for the annual payments. Note Enter debits before credits Date January 01, 2022 General Journal Debit Credit Record entry Clear entry View general journal Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021 and 2022. Assume a December 31 year-end. of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 5 Record the entry for the interest revenue. Nerbit before t Date December 31, 2022 General Journal Debit Credit Record entry Clear entry View general journal