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i need help with this please! i need a correct answer please! i need either Tushar bait to do it or Sonail Keshari. i trust
i need help with this please! i need a correct answer please! i need either Tushar bait to do it or Sonail Keshari. i trust their work! 3 and --/1 1 Con- Question 21 View Policies Current Attempt in Progress Windsor, Inc. has entered an agreement to lease an old warehouse with a useful life of 5 years and a fair value of $39,000 from United Corporation. The agreement stipulates the following. Rental payments of $9,353 are to be made at the start of each year of the 5-year lease. No residual value is expected at the end of the lease. Windsor must reimburse United each year for any real estate taxes incurred for the year. Last year, the cost of real estate taxes was $600, though these costs vary from year to year. Windsor must make a payment of $500 with the rental payment each period to cover the insurance United has on the warehouse. Windsor paid legal fees of $1,500 in executing the lease. port Assuming Windsor's incremental borrowing rate is 10% and the rate implicit in the lease is unknown, prepare the journal entry to record the initial lease liability and right-of-use asset for Windsor. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to decimal places, eg 5,275) Click here to view factor tables. Account Titles and Explanation Debit Credit Right-of-Use Asset Lease Liability Cash 1500 e Textbook and Media 8
i need help with this please! i need a correct answer please! i need either Tushar bait to do it or Sonail Keshari. i trust their work!
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