Solution-Prepare the journal entries aaa needs to record

Prepare the journal entries aaa needs to record transaction

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Question - On January 1, 2020, AAA leased a building to BBB for a ten-year term at an annual rental of $200,000. At inception of the lease, AAA received $700,000 in cash covering the first two years' rent of $400,000 and a security deposit of $300,000. Prepare the journal entries AAA needs to record related to this transaction.

Reference no: EM132526743

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Prepare the journal entries aaa needs to record transaction : On January 1, 2020, AAA leased a building to BBB for a ten-year term at an annual rental of $200,000. Prepare journal entries AAA needs to record transaction

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Prepare the journal entries aaa needs to record transaction

Reference no: EM132526743

Reference no: EM132526743

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