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Please solve the entry 2050640/quizzes/3873434/take/questions/724 Rosa Company leased equipment to Silo Inc. The lease value is $20,000 (with a cost of $ 12,500 and no

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2050640/quizzes/3873434/take/questions/724 Rosa Company leased equipment to Silo Inc. The lease value is $20,000 (with a cost of $ 12,500 and no salvage value) and has a term of 5 years.beginning December 31, 2019 with equal payments of $4,638 due at that time. An interest rate of 8% is assumed. What is Silo's entry on December 31, 2019 (the lessee)? 12/31/2019 debit Right-of-Use Asset $20,000 credit Lease Liability $20,000 12/31/2019 debit Lease Liability $4,638 credit Cash $4,638 What is Rosa's entry on December 31, 2019 (the lessor) ? 12/31/2019 debit Lease Receivable $20,000 credit [ Select ] $20,000 debit [ Select ] $12,000 credit [ Select ] $12,000 12/31/2019 debit [ Select ] $4,638 credit [ Select ] $4,638 What is Rosa's entry on December 31, 2020 (the lessor) assuming a finance lease? 12/31/2020 debit [ Select ] 4,638 credit [ Select ] $3,409 credit [ Select ] $1,229 MacBook Pro Q Search or type URL + O @ $ % A 2 4 8 9 O P

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