Question: Quick response and same format please! Will up vote! On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease

Quick response and same format please! Will up vote!
Quick response and same format please! Will up vote! 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 4%. The contract calis for four

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 4%. The contract calis for four rent payments of $46,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $366,000 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 Record the lease revenue received by Jamison Leasing. tonewenter delits belore creifas. 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 4%. The contract calls for four rent payments of $46,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $366,000 and was expected to have a useful life of five years with no residual value. Both firms record amoruzation and depreciation semi-annually. Required: Prepare the appropriate joumal 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 Riecord the Depredation expense for Jamison Leasing. Netes Enter debits before wedals. 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 4%. The contract calls for four rent payments of $46,000 each, payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $366,000 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 joumal 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 Record the lease revenue recelved by Jamison Leasing. Nister Finter debits befure oredits. 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 4%. The contract calls for four rent payments of $46,000 each. payable semiannually on June 30 and December 31 each year. The equipment was acquired by Jamison Leasing at a cost of $366,000 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 joumal entries for the lessor (Jamison Leasing) from the beginning of the lease through the end of 2021 . (If no entry is required for o transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet. Pecord the Depredation expense for Jamison Leasing. Medei Finer debis balpre credts

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