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Assuming the lessee's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to 0 decimal places
Assuming the lessee's accounting period ends on September 30, answer the following questions with respect to this lease agreement. (Round answers to 0 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, 2018? (2) What items and amounts will appear on the lessee's balance sheet at Septenber 30, 2018 Balance Sheet (Partial) Current Liabilities Long-tem Liabilities Property, Plant and Equipment (3) What items and amounts will appear on the lessee's income statement for the year ending September 30, 2019? (4) What items and amounts will appear on the lessee's balance sheet at September 30, 2019? Balance Sheet (Partial) Current Liabilities Long-term Liabilities Property, Plant and Equipment Click if you would like to Show Work for this question: Open Show Work
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