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 $45,000 each payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $365,000 and was expected to have a useful life of 6 years with no residual value. Both firms record amortization and depreciation semi-annually. (EV of 51. PV of S1, EVA of S1.PVA 01.31. EVAD of S1 and PVAD of $1 (Use appropriate factor(s) from the tables provided) Required: Prepare the appropriate journal entries for the lessee 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. Round your intermediate and final answers to the nearest whole doller.) View transaction list Journal entry worksheet Record the beginning of the lease for Robertson Construction Note: Enter debits before credits Debit Credit Date General Journal January 01, 2021 Right-of-use asset Lease payable 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 $45.000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $365,000 and was expected to have a useful life of 6 years with no residual value. Both firms record amortization and depreciation semi-annually (Ey of S1. PV of $1. FVA Of $1. PVA of S1, FVAD of S1 and PVAD of S1) (Use oppropriate foctor(s) from the tables provided.) Required: Prepare the appropriate journal entries for the lessee 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. Round your intermediate and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the lease payment and interest expense for Robertson Construction Note Enter debits before credits Date June 30, 2021 Debit Credit General Journal interest expense Lease payable Cash 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 $45,000 each payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $365,000 and was expected to have a useful life of 6 years with no residual value. Both firms record amortization and depreciation semi-annually. (FV of $1. PV of $1. FVA Of S1, PVA of $1. FVAD of S1 and PVAD of S1 (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate journal entries for the lessee 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. Round your intermediate and final answers to the nearest whole dollar) View transaction ist Journal entry worksheet 3 Record the amortization expense for Robertson Construction Note: Enter debits before credits Data June 30, 2021 Debit Credit General Journal Amortization expense Biohof-use asset On January 1, 2021, Robertson Construction teased 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 $45,000 each payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $365,000 and was expected to have a useful life of 6 years with no residual value Both firms record amortization and depreciation semi-annually (FV of $1. PV of 51. EVA of S1. PVA of S1, FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate journal entries for the lessee 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. Round your intermediate and final answers to the nearest whole dollor.) View transaction list Journal entry worksheet Record the tease payment and interest expense for Robertson Construction notar enter debts before credits Date General Journal December 31, 2021 lnterest expense Lease payable Cash Debit Credit 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 $45,000 each payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $365,000 and was expected to have a useful life of 6 years with no residual value. Both firms record amortization and depreciation semi-annually. (FV of $1. PV of S1. FVA of S1, PVA of S1. FVAD of S1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate journal entries for the lessee 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. Round your intermediate and final answers to the nearest whole dollar) View transaction list Journal entry worksheet Record the amortization expense for Robertson Construction Noter Enter debits before credits Debit Credit Date General Journal December 31, 2021 Amortization expense Right-of-use asset