On January $1,2021,$ the chief operating officer of New Belgium, Jeff Stambaugh, signed a noncancelalable lease for street equipment. The lease was for $10$ years. $2021.$

Prepare all journal entries necessary to record the lease transaction for $2021$ and the payment made in $2022.$

$($Assume the government uses a voucher system.$)$

$\backslash$table$[[,$Account,,Debit,Credit$],[,$General fund,,,$],[2021,$Expenditures$-$capital outlay,$v,5,260\mathrm{.}64,0],[,$Other financing sources$-$long$-$term leases,v$,0,5,260\mathrm{.}64$