1. Record the lease-Jan 01, 2024
2. Record cash received-Jan 01, 2024
3. Record depreciation-Jan 01, 2024
4. Record cash received-April 01, 2024
5. Record depreciation-April 01, 2024
6. Record cash received-July 01, 2024
7. Record depreciation-July 01, 2024
8. Record cash received-Oct 01, 2024
9. Record depreciation-Oct 01, 2024
10. Record the adjusting entry-Dec 31, 2024
11. Record depreciation-Dec 31, 2024
12. Record cash received-Jan 01, 2025

Lansing West leased computer hardware from Franklin Leasing on January 1, 2024. Franklin purchased the equipment from International Machines at a cost of $56,040. Required: Prepare appropriate journal entries for Franklin Leasing from the beginning of the lease through January 1, 2025. Franklin's fiscal year ends December 31. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts. Journal entry worksheet ivUle. LIILI Uevils VeIUIC LICUILS