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Required 1 Required 2 Prepare the appropriate entries for both the lessee and lessor related to the lease on January 1, 2024. Note: If
Required 1 Required 2 Prepare the appropriate entries for both the lessee and lessor related to the lease on January 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to nearest whole dollar. No 1 2 3 Date January 01, 2024 Equipment Cash Interest revenue Lease receivable January 01, 2024 Equipment Lease receivable January 01, 2024 Lease receivable Cash General Journal Debit Credit 4 January 01, 2024 Cash Interest revenue Lease receivable < Required 1 Required 2 >
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
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