Question
Accounting for the Lessor, not the Lessee. Sales-type and operating lease journal entries. I need help with these journal entries. Please answer whether it is
Accounting for the Lessor, not the Lessee.
Sales-type and operating lease journal entries.
I need help with these journal entries. Please answer whether it is a debit or credit, and why it is this account. This will help me better understand journal entries and the accounts.
A. How to move the lease deposit to a prepaid lease account or another account.
B. Monthly lease payment journal entries.
C. How to record a journal entry for the purchase of equipment at the end of an operating lease.
D. How to record a journal entry for the purchase of equipment at the end of a sales-type lease.
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A Moving the Lease Deposit to a Prepaid Lease Account 1 Debit Prepaid Lease Account To increase the ...Get Instant Access to Expert-Tailored Solutions
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
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