List of Accounts:

• Accounts Payable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Leased Buildings
• Accumulated Depreciation-Capital Leases
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Leased Equipment
• Accumulated Depreciation-Leased Machinery
• Accumulated Depreciation-Machinery
• Accumulated Depreciation-Right-of-Use Asset
• Advertising Expense
• Amortization Expense
• Airplanes
• Buildings
• Cash
• Cost of Goods Sold
• Deferred Gross Profit
• Deposit Liability
• Depreciation Expense
• Equipment
• Executory Costs
• Executory Costs Payable
• Gain on Disposal of Equipment
• Gain on Disposal of Plant Assets
• Gain on Lease
• Gain on Sale of Buildings
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Leased Asset
• Leased Buildings
• Leased Equipment
• Lease Expense
• Leased Land
• Lease Liability
• Lease Receivable
• Lease Revenue
• Legal Expense
• Loss on Capital Lease
• Machinery
• Maintenance and Repairs Expense
• Notes Payable
• Prepaid Lease Executory Costs
• Prepaid Legal Fees
• Property Tax Expense
• Property Tax Payable
• Rent Expense
• Rent Payable
• Rent Receivable
• Rent Revenue
• Revenue from Sale-Leaseback
• Right-of-Use Asset
• Salaries and Wages Expense
• Sales Revenue
• Selling Expenses
• Trucks
• Unearned Profit on Sale-Leaseback
• Unearned Lease Revenue
• Unearned Service Revenue

The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Marigold Company, a lessee Commencement date January 1, $122.829 Annual lease payment due at the beginning of each year, beginning with January 1. 1 Residual value of equipment at end of lease term, guaranteed by the lessee $51.000 Expected residual value of equipment at end of lease term $46,000 Lease term 6 years Economic life of leased equipment 6 years $631,000 Fair value of asset at January 1, Lessor's implicit rate Lessee's incremental borrowing rate 9 % 9 % The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for all leased equipment. Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places.es. 1.25124 and the final answers to decimal places eg. 5,275.) MARIGOLD COMPANY (Lessee) ( Lease Amortization Schedule Date Annual Lease Payment Plus GRV Interest on Liability Reduction of Lease Liability Lease Li 1/1/20 $ $ 1/1/20 1/1/21 1/1/22 1/1/23 1/1/24 1/1/25 12/31/26 $ $ $ List of Accounts Prepare all of the journal entries for the lessee for and to record the lease agreement, the lease payments, and all expenses related to this lease. Assume the lessee's annual accounting period ends on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places eg. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record the lease.) (To record first lease payment.) (To record interest.) (To record amortization.) (To record second lease payment.) (To record interest. v (To record amortization.) List of Accounts Suppose Marigold received a lease incentive of $5.000 from Faldo Leasing to enter the lease. How would the initial measurement of the lease liability and right-of-use asset be affected? Right-of-use asset $ Lease Liability $ What if Marigold prepaid rent of $5,000 to Faldo? Right-of-use asset $ Lease Liability $