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laly 1. 2018, R on Construction leased several items of equipment under a two year operating lease agreement from Jamison Leasing, which routinely finances equipment

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laly 1. 2018, R on 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 annu payments of $54,000 each, rp Leasing at a cost of $374,000 and was expected to have a and depreciation semi annually the tables provided.) semiannually on June 30 and December 31 each year. The interest rate of 5% ne contract calls for kus rent expected to have a useful life of 6 years with no residual value. oth firms record amortization Required: Prepare the appropriate journal entries for the lessee from the for a tran beginning of the l through the end of 2018. 0f no entry is no entry is required ase t, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) View transaction list Journal entry worksheet 3 5 Record the beginning of the lease for Robertson Construction. 00:0 Note: Enter debits before credits. Next> Prev 1 of 50 Import a new list Record the beginning of the lease for Robertson Construction 1 2 Record the lease payment and interest expense for Robertson Construction. Record the amortization expense for Robertson Construction. 3 Credit Record the lease payment and interest expense for Robertson Construction. 4 Record the amortization expense for Robertson Construction. 5 Prey 10f 50 Next Hill

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