On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jamison Leasing, which routinely finances equipment for other firms at an annual interest rate of 5%. The contract calls for four rent payments of $55,000 each, payable semiannually on June 30 and December 31 each yeat. The equipment was acquired by Jamison Leasing at a cost of $375,000 and was expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semi-annually. Required: Prepare the appropriate journal entries for the lessor (Jamison Leasing) 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.) Journal entry worksheet Record the lease revenue recelved by jamison Leasing. Nate inter belats before creaits. Required: Prepare the appropriate Joumal entries for the lessor (Jamison Leasing) 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.) Journal entry worksheet 4 Record the Depreciation expense for Jamison Leasing. Netet Enter debits before credits. Journal entry worksheet 4 Record the lease revenue recelved by Jamison Leasing. Note: Enter debits before credies. amortization and depreciation semi-annualy. Required: Prepare the approprlate journat entries for the lessor (Jamison Leasing) from the beginning of the lease theough the end of 2021 . of no entry is requleed for a transaction/event, select "No journal entry requlred" in the first account field.) Journal entry worksheet Record the Depredition expense for aamison Leasing..

1. On January 1, 2021, Robertson Construction leased several items of equipment under a two-year
operating lease agreement from Jamison Leasing, which routinely finances equipment for other
firms at an annual interest rate of 5%. The contract calls for four rent payments of $55,000 each,
payable semiannually on June 30 and December 31 each yeat. The equipment was acquired by
Jamison Leasing at a cost of $375,000 and was expected to have a useful life of five years with
no residual value. Both firms record amortization and depreciation semi-annually. Required:
Prepare the appropriate journal entries for the lessor (Jamison Leasing) 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.) Journal entry worksheet Record the lease revenue
recelved by jamison Leasing. Nate inter belats before creaits.
Required: Prepare the appropriate Joumal entries for the lessor (Jamison Leasing) 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.) Journal entry worksheet 4 Record
the Depreciation expense for Jamison Leasing. Netet Enter debits before credits.
Journal entry worksheet 4 Record the lease revenue recelved by Jamison Leasing. Note: Enter
debits before credies.
amortization and depreciation semi-annualy. Required: Prepare the approprlate journat entries
for the lessor (Jamison Leasing) from the beginning of the lease theough the end of 2021 . of no
entry is requleed for a transaction/event, select "No journal entry requlred" in the first account
field.) Journal entry worksheet Record the Depredition expense for aamison Leasing.