Cullumber Company, a machinery dealer, leased a machine 10 Dexter Corporation on January 1, 2010. The transar en els the beginning of each year. The first payment is received on January 1, 2020. Cumberlad Durchase the machine during 2000 51.000 Cullumbar set the annual rentato una rate of return. The machines economice of 10 years with new to Clemente Click here to view factor table Compute the amount of the lease receivable. (Por catentation purposes. Us decimal places as ditayed in the actor table prevident and emotional warmer Amount of the lease receivables Prepare all necessary Journal entries for Cullumber for 2020. (Credit accountities are automatically indented when amount is interest. Do not indent manually. Round werto decimal places ... 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) 42031 Insyd. A Division of lohn Wer Inc CALCULATOR FULL SCRE Prepare a very jou TOEILVESTUI LUHU vor LUULE LED wwwwwwwwwww decimal places e.g. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) (To record the first lease payment) 1 12/31/20 Suppose the collectibility of the lease payments was not probable for Cullumber. Prepare the necessary journal entry for the company in 2020. (Credit a when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 1/1/20 Cullumber Company, a machinery dealer, leased a machine 10 Dexter Corporation on January 1, 2010. The transar en els the beginning of each year. The first payment is received on January 1, 2020. Cumberlad Durchase the machine during 2000 51.000 Cullumbar set the annual rentato una rate of return. The machines economice of 10 years with new to Clemente Click here to view factor table Compute the amount of the lease receivable. (Por catentation purposes. Us decimal places as ditayed in the actor table prevident and emotional warmer Amount of the lease receivables Prepare all necessary Journal entries for Cullumber for 2020. (Credit accountities are automatically indented when amount is interest. Do not indent manually. Round werto decimal places ... 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) 42031 Insyd. A Division of lohn Wer Inc CALCULATOR FULL SCRE Prepare a very jou TOEILVESTUI LUHU vor LUULE LED wwwwwwwwwww decimal places e.g. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/20 (To record the lease) (To record the first lease payment) 1 12/31/20 Suppose the collectibility of the lease payments was not probable for Cullumber. Prepare the necessary journal entry for the company in 2020. (Credit a when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 1/1/20
