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answer should not include right to use asset if it does its wrong On January 1, 2021, Robertson Construction leased several items of equipment under

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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 4%. The contract calls for four rent payments of $58,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $378,000 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.) View transaction list X Record the lease revenue received by Jamison Leasing. > 2 Record the Depreciation expense for Jamison Leasing. 3 Record the lease revenue received by Jamison Leasing. 4 Record the Depreciation expense for Jamison Leasing

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