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e 1: Question 6 (16 points) 2 3 1 N The following is list of accounts in alphabetical order each represented by letter(s). Use the
e 1: Question 6 (16 points) 2 3 1 N The following is list of accounts in alphabetical order each represented by letter(s). Use the following list of accounts for journalizing transactions. 5 6 A O B 8 9 P E Accounts Payable Accounts Receivable Bonds Payable Capital Lease Payable Cash Q 0 11 12 F R G S Notes Payable Notes Receivable Premium on Bonds Payable Rent Expense Retained Earnings Salaries & Wages Expense Sales Revenue Sales Tax Payable Supplies Utilities Expense Income Summary 13 H T 1 U J K L M Cost of Goods Sold Discount on Bonds Payable Equipment Income Tax Payable Interest Expense Interest Payable Merchandise Inventory V W X Y z Common Stock 2 3 5 6 9 Example of Answer: G3000.00D, B2000.00D, AA5000.00C Where each box represents a journal entry line. In the first box, G denotes Cash account, 3000 is the amount D stands for debit. In the second box: B denotes Accounts Receivable account, 2000 is the amount, D stands for debit. And in the third box: U denotes Sales Revenue, 5000 is the amount, and C stands for credit. The letters are in capital. Don't use dollar sign, comma, or space in any place. If in an entry requires more than one debitor credit accounts, first enter debit accounts (in order of dollar amount - large amount to small amount), then the credit accounts (in order of dollar amount - large amount to small amount). If no entry is required in a box, type in No Entry Question: Atlanta Company engaged in leasing a machine for quality control that requires payment of $3,800 at the end of each month. The economic life of the machine is 4 years. Poland Company normally is subject to 3.25% interest rate in business transactions. Click here to use Excel. Example of Answer: A5678.20D A15000.00D Two Decimal Points. No comma, space, or dollar sign Assume lease period is 45 months. What type of lease Is this? Type in complete 11 12 name Answer - hp Page 1: Assume lease period is 45 months. What type of lease is this? Type in complete 1 2 3 name. Answer - 4 6 5 8 9 Assume lease period is 45 months. Provide journal entry on the date the lease contract was signed. 10 11 12 Answer - 13 4 Assume lease period is 45 months. Provide journal entry for the second monthly payment Answer hp -- Assume lease period is 30 months. Provide journal entry for the second monthly payment. 8 9 Answer - 11 12 A 3
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