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Problem - Post Co as a lessor records a sales type lease with a sales profit for machinery on 1/1/19. The 7 annual lease receipts of $210,000 are collected at the end of each year. The present value of the lease receipts at 10% is $1,022,400. Post manufactured the machinery for $900,000. Prepare a lease amortization schedule from 1/1/19 to 12/31/20. Prepare the journal entries from 1/1/19 to 1 2/31/20. Show all computations.
Analyze the trends in sales - Prepare a trend analysis for percentage changes from a base year for these key indicators of performance
Prepare general journal entries to record the (A) estimated warranty expense and (B) warranty repair costs during current year
pooria corp just completed another successful year as indicated by the following income.nbspnbspnbspnbspnbsp for the
The first payment is due June 30, 2014. Grace uses the effective-interest method for amortizing debt. Her ski hill company's year-end will be June 30.
how much is the book value per preference and ordinary share respectively on December
The tanks had an expected useful life of 12 years with no residual value. Provide dated journal entries to record Acquisition of tanks
Prepare the number of equivalent units with respect to both materials used and conversion costs in the production department for April using the FIFO method
The CEO of Northridge has inquired as to why the purchase price of Reseda could exceed the book value of the assets. Explain the (1-1) valuation methods.
Kinney plans to sell them when the prices rise at a profit. As of December 31, 2021, the bonds are selling at 106. What are the journal entries?
Demarco Lee invested $60,000 in the Camden and Sayler partnership for ownership equity of $60,000. Provide the journal entry for the revaluation of equipment
The lease is effective April 1, 2021, and provides for a monthly rental of P12,000, What is the amount reported in Brown Company statement
Depreciation of equipment for 2017 was overstated $17,600. Prepare the correcting entry necessary when these errors are discovered
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