1. Southwestern Edison Company leased equipment Eom He-fech Leasing on Lanubry 1, 2021. H-
Tetech mandactured the equipmant at a cost of $95,000 Thare is no expected residubi value.
Required: Prestare approprinte fournal entries for Hi. Tech Leasing for 202t. Assume a
Decomber 31 year-end. of no antry is required for a transaction/event, select "No journal entry
required" in the first eccount field. Alound your anwwers to the neareat whole dellar amsounts.3
Journal entry worksheet 3 Record the leese habe fuder oebhe petore credis
There is no expected residual value. Required: Prepare appropriate joumal entries for Hi-Tech
Leasing for 2021 . Assume a December 31 year-end. (if no entry is required for a
transaction/event, seloct. "No journal entry required" in the first account field. Round your
answers to the nearest whole dollar amounts.) Journal entry worksheet Record the cash received.
Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi-
Tech manutactured the equipment at a cost of $95,000. There is no expected residual value.
Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021 . Assume a
December 31 year-end. of no entry is requilred 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 Record the interest revenue. Note: Enter debits before credits.