Reference no: EM132728550
Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2021. Insight Machines manufactured the equipment at a cost of $370,000 and lists a cash selling price of $425,235. Appropriate adjusting entries are made quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
Problem 1. Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021.
1) Record the beginning of the lease for Eye Deal.
2) Record the lease payment made by Eye Deal on January 1, 2021.
3)Record the lease payment made by Eye Deal on March 31, 2021.
4) Record amortization of the right-of-use asset for Eye Deal.
Problem 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021.
1) Record the beginning of the lease for Insight Machines.
2) Record the lease payment received by Insight Machines on January 1, 2021.
3) Record the lease payment received by Insight Machines on March 31, 2021.
|
Java-Process Synchronization
: You will write a Java program that implements the solution to the bounded buffer problem between a producer and a consumer.
|
|
Provide entry on december to record the retirement
: On January 1, 20x1, an entity issues bonds with face amount. Provide entry on December 31, 20x2 to record the retirement of the bonds.
|
|
What is the main issue for your organization
: What is the main issue for your organization in addressing a solution to evidence-based nursing practice? Discuss what might be the first step in addressing.
|
|
Journalize the July transactions
: Journalize the July transactions - July 18 Paid $1,500 cash on amount owed on truck and $1,500 on amount owed on cleaning supplies
|
|
Make appropriate entries for insight machines to record
: Make appropriate entries for Insight Machines to record the arrangement at its beginning, January 1, 2021, and on March 31, 2021.
|
|
Explain the role parents play in assessment and treatment
: Infant, childhood, and adolescent development are a continual interplay between nature (genetic or biologic predisposition) and nurture.
|
|
Determine the amounts of factory labor costs transferred
: Recording Factory Labor Costs - Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for January
|
|
Describe the plain view doctrine
: Describe the plain view doctrine, and why it has such a significant impact on digital forensics?
|
|
Analyze how current research supports the picot
: A literature review analyzes how current research supports the PICOT, as well as identifies what is known and what is not known in the evidence. Students will.
|