On January 1, 2017, Tejas Distributiors sold a warehouse to Jamble Leasing for $650,000 and immediately leased it back. The warehouse was carried on Tejas' books at $311,000. The term of the lease is 20 years, and title transfers to Tejas at lease-end. The lease requires 20 equal rental payments of $66,204 at the end of each year. The appropriate rate of interest is 8%, and the truck has a useful life of 20 years with no salvage value. Prepare Tejas'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.)