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Assume the same information for Kyle Company, except there is a Guaranteed Residual Value and of $10,000 and the expected cash to be paid to

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Assume the same information for Kyle Company, except there is a Guaranteed Residual Value and of $10,000 and the expected cash to be paid to meet the guaranteed residual is $4,000. Also assume the lease is a financing lease. Please complete the first three lines of the amortization table. Date Interest Cash Paid Reduction of Lease Liability Liability 12/31/18 Beginning of the year entries: January 1, 2018 January 1, 2018 End of year entries: Dec. 31, 2018 Dec, 31, 2018 Assume the same information for Kyle Company, except there is a Guaranteed Residual Value and of $10,000 and the expected cash to be paid to meet the guaranteed residual is $4,000. Also assume the lease is a financing lease. Please complete the first three lines of the amortization table. Date Interest Cash Paid Reduction of Lease Liability Liability 12/31/18 Beginning of the year entries: January 1, 2018 January 1, 2018 End of year entries: Dec. 31, 2018 Dec, 31, 2018

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