On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $19,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $109,000 and were expected to have a useful life of Five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Or Use Intermediate Accounting table if not provided. Required: Prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.)

Required Journal entry:

1. Record the beginning of the lease for Nath-Langstrom Services. (January 1,2021)
2. Record the lease payment and interest expense for Nath-Langstrom Services. (June 30,2021)
3. Record the amortization expense for Nath-Langstrom Services. (June 30,2021)
4. Record the lease payment and interest expense for Nath-Langstrom Services. (December 31,2021)
5. Record the amortization expense for Nath-Langstrom Services. (December 31,2021)
6. Record the lease revenue received by ComputerWorld Leasing. (June 30,2021)
7. Record the Depreciation expense for ComputerWorld Leasing. (June 30,2021)
8. Record the lease revenue received by ComputerWorld Leasing. (December 31,2021)
9. Record the Depreciation expense for ComputerWorld Leasing. (December 31,2021)