{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T21:16:38-04:00", "answer_date": "2024-06-07 21:16:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2440945", "url": "\/study-help\/questions\/neri-foods-corporation-leased-a-commercial-food-processor-on-september-2440945", "question_creation_date_js": "2024-06-07T21:16:38-04:00", "question_creation_date": "Jun 07, 2024 09:16 PM", "meta_title": "[Solved] Neri Foods Corporation leased a commercia | SolutionInn", "meta_description": "Answer of - Neri Foods Corporation leased a commercial food processor on September 3 0 , 2 0 2 4 . The five - year finance lease a | SolutionInn", "meta_keywords": "neri,foods,corporation,leased,commercial,food,processor,september,3,2,4,five", "question_title_h1": "Neri Foods Corporation leased a commercial food processor on September 3 0 , 2 0 2 4 . The five - year finance lease agreement", "question_title": "Neri Foods Corporation leased a commercial food processor on September 3 0", "question_title_for_js_snippet": "Neri Foods Corporation leased a commercial food processor on September 3 0 , 2 0 2 4 The five year finance lease agreement calls for Neri to make quarterly lease payments of $ 1 0 4 , 4 1 3 , payable each September 3 0 , December 3 1 , March 3 1 , June 3 0 , with the first payment at September 3 0 , 2 0 2 4 Neri's incremental borrowing rate is 1 2 Neri records amortization on a straight line basis at the end of each fiscal year Neri recorded the lease as follows September 3 0 , 2 0 2 4 table General Journal,, , table Right of use asset ( calculated below ) , Lease payable ( calculated below ) , 1 , 6 0 0 , 0 0 0 , Debit , table Lease payable , Cash ( first payment ) , 1 0 4 , 4 1 3 , 1 , 6 0 0 , 0 0 0", "question_description": "