Problem 15-6 (Algo) Operating lease scheduled payment increases [LO15-4] On January 1, 2021, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual lease payments on December 31 of each year. The payments are $20,500 the first year and increase by $800 per year. Benefits expected from using the office space are expected to remain constant over the lease term. Required: Record Sweetwater's lease payment at December 31, 2025 (the fifth lease payment), and December 31, 2035 (the fifteenth lease payment). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date 1 December 31, 202 Lease expense Deferred lease expense payable Cash 2 Answer is not complete. General Journal Debit Credit 28,500 4,800 23,700 428,500 x 23,700 4,800 x December 31, 203 Lease expense Cash Deferred sales revenue