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4. Assume Eleven Ltd classified the lease as a finance lease.Prepare: (a) the lease payments schedule for Eleven Ltd (show all workings); and (b) the
4. Assume Eleven Ltd classified the lease as a finance lease.Prepare:
(a) the lease payments schedule for Eleven Ltd (show all workings); and
(b) the journal entries for Eleven Ltd for the year ended 30 June 2021 (assume the machinery is going to be returned by Elevens Ltd to Oceans Ltd at the end of the lease term). I DONT know how to answer the question can i get some help? thank you
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