Question 1 of 2 Current Attempt in Progress Os lanuary 1, 2020 Without Company assequioment to Flynn Corporation. The following information pertains to these 1 3 The term of the non-collants years. At the end of the case. Flynn has the option to purchase the equipment for 1000 while the expected residual value at the end of the lenses $8.000 Egal rental pants we due on January 1 of each year beginning in 2000 The fair of the menton 1.2020. is $155.000 and its contis 590.000 The moment has an economice of years. Flynn depreciates all of its equipment on this Withone set the annual rental to mure 4 rate of returns incremental borrowegrate is ex and the implicitate of the lessor is unknown Collectiblity of sent by the less is probable 4 5 6 Both the learn the less accounting periodsend on December 31 certo view actor Forcolation purpose decimal celor displayed in the factor table provided Dans the nature of Nato Wildhorse and Fan Question 1 of 2 -12 Discuss the nature of thinksets Wildhorsed Flynn The muture of this for Widhane lesse The nature of these for Pynnisa Jose eTextbook and Media List of Accounts Calculate the mount of the annual rental payment found onwer to decimal placeres 5.225) Arval rental payment $ Textbook and Media List of Accounts Question 1 of 2 Preord he necesarmalentries for Wildhorse for 2020. Credit counties are comically indeed when the amount is entered Danoindent my understodecimal places 5.275. Record journal entries in the order presented in the bem Date Account Tities and Explanation Debit Credit (To record the east) (To record last payment) Question 1 of 2 > -/2 = Suppose the collectibility of the levements was not probable tor Wildhorse Prepare the necessary journal entry for the comany in 2020 Credit sccounties are automatically indented when the amount is entered. Den inden mally) Date Account Titles and Explanation Debit Credit 1/1/20 Textbook and Media List of Accounts Prepare with your entries for Flynn for 2020. (Credit account are automatically indented when the amount and Denetindent manually. Round answers to decimal places 5.275. Record journal entries in the order presented in the problem Date Account Tities and Explanation Debit Credit Question 1 of 2 - 2 Prepare all the necessary ournal entries for Flynn for 2020 Credit account titles are automatically Indiented when the amount is entered. Do not inden manual Round wer to decimal places 5.275. Record jumal entries in the order presented in the Date Account Titles and Explanation Debit Credit (To record the lease) (To record the lase payment (To record amortization of the right-se asset Prepare the effect on the journal entry for Flynn at lease commencement, assuming initial direct costs of $2.000 are incurred by Flynn to negotiate the lease. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit same for Later Question 1 of 2 Current Attempt in Progress Os lanuary 1, 2020 Without Company assequioment to Flynn Corporation. The following information pertains to these 1 3 The term of the non-collants years. At the end of the case. Flynn has the option to purchase the equipment for 1000 while the expected residual value at the end of the lenses $8.000 Egal rental pants we due on January 1 of each year beginning in 2000 The fair of the menton 1.2020. is $155.000 and its contis 590.000 The moment has an economice of years. Flynn depreciates all of its equipment on this Withone set the annual rental to mure 4 rate of returns incremental borrowegrate is ex and the implicitate of the lessor is unknown Collectiblity of sent by the less is probable 4 5 6 Both the learn the less accounting periodsend on December 31 certo view actor Forcolation purpose decimal celor displayed in the factor table provided Dans the nature of Nato Wildhorse and Fan Question 1 of 2 -12 Discuss the nature of thinksets Wildhorsed Flynn The muture of this for Widhane lesse The nature of these for Pynnisa Jose eTextbook and Media List of Accounts Calculate the mount of the annual rental payment found onwer to decimal placeres 5.225) Arval rental payment $ Textbook and Media List of Accounts Question 1 of 2 Preord he necesarmalentries for Wildhorse for 2020. Credit counties are comically indeed when the amount is entered Danoindent my understodecimal places 5.275. Record journal entries in the order presented in the bem Date Account Tities and Explanation Debit Credit (To record the east) (To record last payment) Question 1 of 2 > -/2 = Suppose the collectibility of the levements was not probable tor Wildhorse Prepare the necessary journal entry for the comany in 2020 Credit sccounties are automatically indented when the amount is entered. Den inden mally) Date Account Titles and Explanation Debit Credit 1/1/20 Textbook and Media List of Accounts Prepare with your entries for Flynn for 2020. (Credit account are automatically indented when the amount and Denetindent manually. Round answers to decimal places 5.275. Record journal entries in the order presented in the problem Date Account Tities and Explanation Debit Credit Question 1 of 2 - 2 Prepare all the necessary ournal entries for Flynn for 2020 Credit account titles are automatically Indiented when the amount is entered. Do not inden manual Round wer to decimal places 5.275. Record jumal entries in the order presented in the Date Account Titles and Explanation Debit Credit (To record the lease) (To record the lase payment (To record amortization of the right-se asset Prepare the effect on the journal entry for Flynn at lease commencement, assuming initial direct costs of $2.000 are incurred by Flynn to negotiate the lease. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit same for Later