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Connect says all answers shown in the second photo are wrong. On January 1, 2021, Robertson Construction leased several items of equipment under a two-year

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Connect says all answers shown in the second photo are wrong.
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 $47,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $367,000 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.) Required: Prepare the appropriate journal entries for the lessor (Jamison Leasing) from the beginning of the lease through the end o entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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