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Grichuk Power leased high - tech electronic equipment from Kolten Leasing on January 1 , 2 0 1 8 . Kolten purchased the equipment from
Grichuk Power leased hightech electronic equipment from Kolten Leasing on January Kolten purchased the equipment from Compiete tnis question by enterng your answers in the tads deow General Journal Record the appropriate adjusting entries at the end of each quarter for Grichuk Power from the commencement of through January December is the fiscal year end for each company. If no entry is required for a transactionevent select No journal entry required" in the first account field. tableNoDate,General Journal,Debit,CreditJanuary Rightofuse asset,grad,Lease payable,January Lease payable,VCash,March Interest expense,VLease payable,Cash,vvMarch Amortization expense,Rightofuse asset,V Wong Machines at a cost of $ its fair value. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided. Related Information: Lease term years quarterly periods Quarterly lease payments $ at Jan. and at Mar. June Sept. and Dec. thereafter. Economic life of asset years Interest rate charged by the lessor Required: Prepare a lease amortization schedule and appropriate entries for Grichuk Power from the commencement of the lease through December December is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter. Complete this question by entering your answers in the tabs below. Amort Schedule General Journal Record the appropriate adjusting entries at the end of each quarter for Grichuk Power from the commencement of the lease through January December is the fiscal year end for each company. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Grichuk Power leased hightech electronic equipment from Kolten Leasing on January Kolten purchased the equipment from Compiete tnis question by enterng your answers in the tads deow
General
Journal
Record the appropriate adjusting entries at the end of each quarter for Grichuk Power from the commencement of through January December is the fiscal year end for each company. If no entry is required for a transactionevent select No journal entry required" in the first account field.
tableNoDate,General Journal,Debit,CreditJanuary Rightofuse asset,grad,Lease payable,January Lease payable,VCash,March Interest expense,VLease payable,Cash,vvMarch Amortization expense,Rightofuse asset,V
Wong Machines at a cost of $ its fair value. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use
appropriate factors from the tables provided.
Related Information:
Lease term years quarterly periods
Quarterly lease payments $ at Jan. and at Mar. June Sept. and Dec. thereafter.
Economic life of asset years
Interest rate charged by the
lessor
Required:
Prepare a lease amortization schedule and appropriate entries for Grichuk Power from the commencement of the lease through
December December is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of
each quarter.
Complete this question by entering your answers in the tabs below.
Amort
Schedule
General
Journal
Record the appropriate adjusting entries at the end of each quarter for Grichuk Power from the commencement of the lease through
January December is the fiscal year end for each company. If no entry is required for a transactionevent select No journal
entry required" in the first account field.
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