please help with explanation

On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a twoyear operating lease agreement from ComputerWorld Leasing. Which routinely finances equipment for other firms at an annual interest rote of 4%. - The contract calls for four rent payments of $14,500 each, payable semiannually on June 30 and December 31 each year. - The computers were acquired by ComputerWorld at a cost of $99,000 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. (EV of S1. PV of \$1, EVA of \$1. PVA of \$1. EVAD of S1 and PVAD of S1) Required: 1. Prepare appropriate journal entnes 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 Q Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare appropilate fournal entries recorded by Nath-tangstrom Services for the first year of the lease. intermediate calculations and firis answers to the nearest whole dollar.) On January 1, 2024. Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a twoyear operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. - The contract calls for four rent payments of $14,500 each, payable semiannually on June 30 and December 31 each year - The computers were acquired by ComputerWorld at a cost of $99,000 and were expected to have a useful life of five years with no residual value. - Both firms record amortization and depreciation sermiannually. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. FVA of S1. PVA of \$1. EVAD 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. ^) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare appropriate journal entries recorded by ComputerWorld Loasing for the first year of the lease. Note: If no entry is required for a transactionvevent, select "No fournal entry required" in the first account field. (Round your interrnediate caiculations and final answers to the nearest whole dollar)