On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a two- year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6%. The contract calls for four rent payments of $17,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $104,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) 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. Required 1 Required 2 Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. Note: 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.) View transaction list View journal entry worksheet No 1 Date General Journal January 01, 2024 Right-of-use asset Lease payable 2 June 30, 2024 Interest expense Lease payable Cash es 3 June 30, 2024 Amortization expense Right-of-use asset 4 December 31, 2024 Interest expense Lease payable LO 5 December 31, 2024 Cash Amortization expense Right-of-use asset Debit Credit Required 1 Required 2 Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease. Note: 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.) View transaction list View journal entry worksheet No 1 Date General Journal January 01, 2024 No journal entry required 2 June 30, 2024 Cash Lease revenue 3 June 30, 2024 Depreciation expense Accumulated depreciation 4 December 31, 2024 Cash Lease revenue December 31, 5 Depreciation expense 2024 Accumulated depreciation Debit Credit