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please show your work/ explaination Ex1 to (2.02, 4) (Lessee Entries with Bargain Purchase Option) The following facts pertain to a non-canoelable lease agreement between
please show your work/ explaination
Ex1 to (2.02, 4) (Lessee Entries with Bargain Purchase Option) The following facts pertain to a non-canoelable lease agreement between Mooncy Leesing Company and Rode Company, a lessec. Instructions (Round all numbers to the rearest cent.) s. Discuss the nature of this lease to Rode. b. Discuss the nature of this lease to Mooney. c. Prepare a lease amortization schedule for Rode for the 5-year lease term. d. Prepare the journal entries on the lessec's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2020 and 2021 . Rode's annual accounting period ends on December 31. Reversing entries are used by Rode Step by Step Solution
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