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 $$57,000$ each, payable semiannually on June $30$ and December $31$ each year. The equipment was acquired by Jamison Leasing at a cost of $$377,000$ and was expected to have a useful life of five years with no residual value. Both firms record amortization and 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.$)$

Journal entry worksheet

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Record the lease revenue received by Jamison Leasing.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,2021,,,],[,,,],[,,,],[,,,],[,,,]]$

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