Question
Assuming the lessee's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to O decimal
Assuming the lessee's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to O decimal places e.g. 58,971.) (1) What items and amounts will appear on the lessee's income statement for the year ending September 30, 2021? $ $ Interest Expense le (2) What items and amounts will appear on the lessee's balance sheet at September 30, 2021? Current Liabilities: Long-term Liabilities: Non-current Assets: Balance Sheet (Partial) $ $ LA $ (3) What items and amounts will appear on the lessee's income statement for the year ending September 30, 2022? $ $ (4) What items and amounts will appear on the lessee's balance sheet at September 30, 2022?
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