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Ayayai Company, a machinery dealer, leased manufacturing equipment to Mays Corporation on January 1, 2017. The lease is for a 7-year period and requires equal annual payments of $21,157 at the beginning of each year. The first payment is received on January 1, 2017.
Question 1: Prepare all necessary journal entries for Ayayai for 2017. (Round answers to 0 decimal places e.g. 5,125.)
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ACC506 Assignment Details: As at the 1stMay, Katy Perry establishes a new business Katie's Bridal Services as a sole trader. Calculate the outstanding payroll liability (2 days for each employee), Calculate and record the insurance expense for the tw..
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