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Prepare appropriate entries for Imaging Group from the beginning of the payment on April 1, 2024. Depreciation and amortization are recorded a (December 31). Note:
Prepare appropriate entries for Imaging Group from the beginning of the payment on April 1, 2024. Depreciation and amortization are recorded a (December 31). Note: If no entry is required for a transaction/event, select "No journal field. Round your answers to the nearest whole dollar amounts. Journal entry worksheet 3 Record the lease. ote: Enter debits before credits. to Imaging Group. Incorporated on January 1,2024. ReC. 1. How should this lease be classified by Imaging Group and by Easy Leasing? 2. Prepare appropriate entries for both Imaging Group and Easy Leasing from the beginning of the lease through the second rent payment on April 1, 2024. Depreciation and amortization are recorded at the end of each fiscal year (December 31). 3. Assume Imaging Group leased the machine directly from the manufacturer, Maker Corporation, which produced the machine cost of $640,000. Prepare appropriate entries for Maker from the beginning of the lease through the second rental payment April 1, 2024. mplete this question by entering your answers in the tabs below. Required: 1. How should this lease be classified by imaging Group and by Easy Leasingr 2. Prepare appropriate entries for both Imaging Group and Easy Leasing from the beginning of the lease thiouph the second ivial payment on April 1, 2024. Depreciotion and amortization are recorded at the end of each fiscal year (December 3y). 3. Assume Imaging Group leased the machine directly from the manufacturer, Maker Corporation, which produced the machine as cost of $640,000. Prepare appropriate entries for Maker from the beginning of the lease through the second rental pisyment on April 1, 2024. Complete this question by entering your answers in the tabs below. How should this lease be classified by Imaging Group and by Easy Leasing? Prepare appropriate entries for Easy Leasing from the beginning of the lease th payment on April 1, 2024. Depreciation and amortization are recorded at the e (December 31). Note: If no entry is required for a transaction/event, select "No journal entry r field. Round your answers to the nearest whole dollar amounts. Journal entry worksheet Record the lease. Enter debits before credits. Required 1. How should this lease be classitied by Imaging Group and by Fasy Leasine? 2. Prepace appropriate entries for both Imaging Group and Easy Leasing from the boginning of the loase throuph the second tenta payment on Aprit 1.2024. Depreciation and amoctiration are recorded at the end of each fiscal year (December 311 ) 3. Assume imaging Group feased the machine directly trom the manufocturet, Makor Corporation, which produced the machine as cost of $640000 Prepare approptiate entries for Maker from the beginning of the lease through the second rental pasment on Aprit 22024 Complete this question by entering your answers in the tabs behow. Assume Imaging Group leased the machine directly from the manufacturer, Maker Corp., which produced the machine at a cost of $640,000. Prepare appropriate entries for Maker from the beginning of the lease through the second rental payment on April 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account ield. Round your answers to the nearest whole dollar amounts, Show less A Journal entry worksheet 23
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