Question
For a 2-year lease transaction, the first year lease payment is 7,000 TL, the interest payment is 2,000 TL, the principal payment is 5,000 TL
For a 2-year lease transaction, the first year lease payment is 7,000 TL, the interest payment is 2,000 TL, the principal payment is 5,000 TL and the second year lease payment is 7,000 TL, the interest payment is 1,500 TL, the principal payment is 5,500 TL and the price of the rented machine. If 10,500 is considered from the perspective of a financial leasing company, which of the following is wrong regarding the first registration to be made?
Select one: a-124 and 224 Unearned Interest Income account receivable 2.000 TL and 1.500 TL b-253 Machinery Plant and Devices account payee 10.500 TL c-120 Buyers account owed 7,000; 220 Buyers account debited 7,000 d-120 Buyers account debited 14,000 TL
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started