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Question - On December 1, 2019, Owl Co. entered into an operating lease for its executive offices for 5 years at a monthly rental of $50,000, paying the landlord the following amounts:
Owl Co. Operating Lease First month's rent $50,000 Last month's rent 50,000 Installation of new carpet 600,000
In regards to this operating lease, what amount should Owl charge to expense for 2019?
Forex Co. purchases various investments in trading securities at a cost of $56,000 on December 27, 2011.
July 1 Issued 30,000 shares for cash at $8 per share. Prepare the journal entries for these transactions
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Peterson Company purchased machinery for $480,000 on January 1. 2009. Straight-line depreciation gas been recorded based on a $30,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2013 at a gain of $9,000.
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If she repeats this deposit for the next 14 years, how much will she have in her account on March 31, 2026, (the end of the fifteenth year)
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