Mc Graw TB Problem 15-176 (Static) On January 1, 2021, Salvatore Company leased several machines from Nola Corporation under a three-year operating lease agreement. The lease calls for semiannual payments of $15,000 each, payable on June 30 and December 31 of each year. The machines were acquired by Nola at a cost of $90,000 and are expected to have a useful life of five years with no expected residual value Required: Prepare the appropriate journal entries for the lessor from the beginning of the lease through the end of 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 3 Record the lease revenue received by Nola Corporation. Note: Ester debits before credits Date General Journal Debit Credit < Prev 12 of 18 Next >