Question
Please give detailed responses: 1.) Open the invoice from Pioneer Leasing Agreement. Record the transactions for January, February, and March. Briefly explain how this particular
Please give detailed responses:
1.) Open the invoice from "Pioneer Leasing Agreement". Record the transactions for January, February, and March. Briefly explain how this particular transaction should affect the financial statements (in other words, will it come through on the Income Statement or the Balance Sheet). PLEASE FIND THE INVOICE FOR "PIONEER LEASING AGREEMENT" BELOW:
2.) Al's Storage is your first customer (You own an envelope stuffing/packing company). They want you to print an advertisement for them. They asked for 15,000 copies. You charge $0.50 per copy and this particular order will require 8 printer ink cartridges which each cost $50. The date of this transaction is January 16, and they do not pay you until May 1. Briefly explain how this particular transaction should affect the financial statements (in other words, will it come through on the Income Statement or the Balance Sheet)
Pioneer Leasing Leasing TO: New Business owner Agreement Fax Number: 123.456.7892 Date: January 1 12 Pioneer Street Dallas, Texas 75214 T972-628-1500 From: Pioneer Leasing F 972-628-1600 Regarding: Lease Term Dear You This letter is to confirm the new lease terms that have been agreed upon. You are leasing the office space on 56 North Eldorado Way in Dallas, Texas 78545 from Pioneer Leasing for a lease term of 5 years beginning January 1, 20XX. On this date, you will begin paying monthly rent of $1,000, and this amount will be due on the first of each month. In addition to the monthly rent, you will pay us a deposit of $5,000 which will be returned to you once this lease has expired unless there are any damages to the lease space. We appreciate your business Sincerely yours, Pioneer Leasing
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