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Please show all the steps Sandhin Corporation, which wes ASPE, enters into a b-vear lease of equipment on September 1, 2022, that requices 6 annual
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Sandhin Corporation, which wes ASPE, enters into a b-vear lease of equipment on September 1, 2022, that requices 6 annual 3ayments of $24,000 each, beginning September 1,2023. In addition, 5 arsdinill guarantees the lossor a residual value of $14,000 at lease end. The equipment has a useful life of seven years: Click bere to vicw the factor table PRESENT VALUE OF 1. Click here to view the factor table PfESENT VALUE OF AN ANNUITY DUE OF 1 (a) Using (1) tables. (2) a financial calculator, or (3) Excel functions, calculate the anount of the capitallease and prepare Sand thills Sentember 1.2023 journal entry assuming an interest rate of 100 . List all debit entries before credit entries Credit occok-i. itles are autornatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the acceunt bities Sandhin Corporation, which wes ASPE, enters into a b-vear lease of equipment on September 1, 2022, that requices 6 annual 3ayments of $24,000 each, beginning September 1,2023. In addition, 5 arsdinill guarantees the lossor a residual value of $14,000 at lease end. The equipment has a useful life of seven years: Click bere to vicw the factor table PRESENT VALUE OF 1. Click here to view the factor table PfESENT VALUE OF AN ANNUITY DUE OF 1 (a) Using (1) tables. (2) a financial calculator, or (3) Excel functions, calculate the anount of the capitallease and prepare Sand thills Sentember 1.2023 journal entry assuming an interest rate of 100 . List all debit entries before credit entries Credit occok-i. itles are autornatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the acceunt bities Step by Step Solution
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