On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from Computer World Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $16,000 each payable semiannually on June 30 and December 31 each year. The computers were acquired by Computer World at a cost of $102,000 and were expected to have a useful life of six years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1. PV of $1. FVA Of S1. PVA of S1, EVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar) No General Journal Debit Credit 1 Date January 01, 2021 Right-of-use asset Lease payable So for it dc Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.) No General Journal Debit Credit 1 January 01, 2021 Right-of-use asset Lease payable >> 2 June 30, 2021 Interest expense Lease payable Cash OOO June 30, 2021 Amortization expense Right-of-use asset 4 4 December 31, 202 Interest expense Lease payable Cash 5 December 31, 202 Amortization expense Right-of-use asset > 4 December 31, 202 Depreciation expenso Accumulated depreciation SI