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PLEASE JOURNAL ENTRY EACH WUESTION. 22-25 PLEASE!!!! On Jan 1, 2020 Lebron Corporation (Lessee) signed a lease with Stefan Corporation to rent a big machinery.
PLEASE JOURNAL ENTRY EACH WUESTION. 22-25 PLEASE!!!!
On Jan 1, 2020 Lebron Corporation (Lessee) signed a lease with Stefan Corporation to rent a big machinery. The lease is classified as a finance lease. 22. Prepare the journal entry to be made by James Corporation to record the lease contract on 1/1/20 ? 23. Prepare the journal entry to be made by James Corporation to record the first payment of cash on 1/1/20? 24. What is the journal entry to be made by James Corporation to record the interest accrued on contrant on oha lanan an 10/21 tans 25. Prepare is the joumal entry to be made by James Corporation to record the amortization of ri use on 12/31/20 Step by Step Solution
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