@ 61% 12:29 PM O mdl.arabou.edu.kw ..ll Zain JO The third question: ... (50 marks) The first branch (20 marks) Al-Etihad Company applied to lease machines to Al-Aqsa on 1/1 / 2016 Al-Aqsa Company purchased these machines at a cost of 120,000 dinars in cash and rented them on the same date as the Union Company, with annual payments of 21,000 dinars for a period of five years, so that the first payment is to be paid on 1/1/2016 and the rest of the payments are paid at the end of the work 12/31/ if I learned that the useful life of the machines was estimated at six years and that the interest rate in the market reports that the lease contract stipulated a guaranteed residual value of 8,000 dinars. The value of the machines estimated at the end of the contract period amounts to 20,000 dinars - at the end of the contract period the fair value of the machines reached 7,500 dinars 10%: What is required (what type of lease is for the leased discussion) Preparing a timetable for separating the Etihad company lease payments over the length of the lease period) c (Prepare the lessor's journal entries to record the purchase, the rental agreement and the rental receipt) and recognize the revenue