On 1 January 20X1, Kerlan Matériaux leased a tower crane to a builder under a four-year operating lease. Each year's payment is made on 1 January: 40,000 in 20X1, 50,000 in 20X2, 60,000 in 20X3 and 70,000 in 20X4. The straight-line basis is used. Record Kerlan Matériaux's summary lease income entry for 20X3.
- Payment 20X1
- 40,000
- Payment 20X2
- 50,000
- Payment 20X3
- 60,000
- Payment 20X4
- 70,000