Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2020 and 2021. Russell's annual accounting period ends on December 31, and Russell does not use reversing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit Date 7/1/20 (To record inception and payment of lease.) 12/31/20 (To record interest.) 12/31/20 (To record depreciation expense.) 7/1/2021 (To record lease payment.) (To record lease payment.) 12/31/2021 (To record interest.) 12/31/2021 (To record depreciation expense.)