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 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 $381,000 and was expected to have a useful life of six 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 2024.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.