MC Q. On January 1, 2021, Amory Corporation leased an asset from Tamsin Company. The asset originally cost Tamsin $310,000. The lease agreement is an operating lease that calls for four annual payments beginning on January 1, 2021, in the amount of $35,000. The other three remaining payments will be made on January 1 of each subsequent year. Which of the following journal entries should Tamsin record on January 1, 2021? Multiple Choice Cash 35,000 Rent expense 35,000 Cash 35,000 Lease receivable 35,000 Cash 35,000