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On January 1, 2024, Robertson Construction leased several Items of equipment under a two-year operating lease agreement from Jamison Leasing, which routinely finances equipment for

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed On January 1, 2024, 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 inte rate of 5%. The contract calls for four rent payments of $57,000 each, payable semiannually on June 30 anc December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $377,000 and was expected to have a useful life of five years with no residual value. Both firms record amortization and depreclation semi-annually. Required: Prepare the appropriate journal entries for the lessor (Jamison Leasing) from the beginning of the lease thro the end of 2024. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first accoun fleld. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the amortization or depreciation expense for Jamison Leasing. Journal entry worksheet 1) 2 4 Record the second payment received by Jamison Leasing. Journal entry worksheet Record the amortization or depreciation expense for Jamison Leasing

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