prepare the appropriate journal enteies for the lessor from the beginning of the lease through the end of 2021.

On January 1 2021 Salvatore Company leased several machines from Nola Corporation under a three year operating lease agreement. The lease calls for semiannual payments of $15,000 each payable on June 30 and December 31 of each year. The machines were acquired by Nola at a cost of $90,000 and are expected to have a useful life of five years with no expected residual value Required Prepare the appropriate journal entries for the lessor from the beginning of the lease through the end of 2021. Of no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction ist Journal entry worksheet Record the lease revenue received by Nola Corporation. Note: Enter debit before credits Date General Journal June 30.2021 Recorder Chry View general journal Required Prepare the appropriate foumal entries for the lessor from the beginning of the lease through the end of 2021. Of no entry is required for a transaction event, select "No journal entry required in the first account field) View transaction ist Journal entry worksheet