S , Infermediate Accounting. 16 Heel System Anuncaments Problem 21-3 Blossom Industries and Blue Incenter into an agreement that requires Blue Inc. to build three deselectiones lesson's specifications. Upon the engine loco a greed to ease there for period 10 and to assume all costs and is of war . The basis noncancelable becomes affective on January 1, 2017, and requires anualet payments of $427.046 each Jawy I, Marting wary 1, 2017 Blosson's incremental borrowing is 11 The import interest rate used by Blue Inc. and known to blossom 101 The total cost of building the three engine is $2.501.000. The cor e of the engine is stimated to be 10 years, with residual values . Nossom deprecates mir w ent on a stra n e buss. At the end of the lease, som neste to the engines Collect the lease payment is reasonably certain uncertainties est relative to reimbursable lessor CSS Cliccato laceraties (6) Prepare the journal entry or no entry is required select "No 58,971.) to record the transaction on January 1, 2017, on the books of Blossom Industries (Credit C try for the accattles and enter for the amounts Hound present value factar ca a r n d te d Indeed wha del places. I n t is need. Be wariad man the final anwer to decimal places Aco u sand Explanation Credi o nes to record C) Prepare the oumal s transaction January 2017. the booke Ac i des and Explanation Berinden al pr a y 1, 2017. (Credit accounts Account Titles and Explanation Lee Canuary 1, 2017) Le Canary 1, 2017) a rt es (d) Prepare the journal entries for both the less entry is required select "No Entry for the and ler to record the first payment on lancary , 2017 C sandter for the amounts utomatically added when amonti e amor in many of Deba Kocourt Tules and Explanation Le (lamary 1, 2017) Lesso (anuary 1, 2017) ) Prepare a base main chedule for 2 year. (Round answers to decimale BLOOR INISTRIES Les mer om hule Reduction in Date Receipt/Payment Rec e /libility Racevile/tability Receivable Liit 1/1/17 11 US Weltem of inden many In are many indeed when amount t Deceber 11, 2017 Or e water r eve Prepare the journal entre for both the Des de Me Twist Leve (December 31, 2017) Les (December 31, 2017) BLOSSOM INDUSTRIES Balance Sheet (Partial) Asset Current Liability BLUE INC. Balance Sheet (Partial) S OFAS S , Infermediate Accounting. 16 Heel System Anuncaments Problem 21-3 Blossom Industries and Blue Incenter into an agreement that requires Blue Inc. to build three deselectiones lesson's specifications. Upon the engine loco a greed to ease there for period 10 and to assume all costs and is of war . The basis noncancelable becomes affective on January 1, 2017, and requires anualet payments of $427.046 each Jawy I, Marting wary 1, 2017 Blosson's incremental borrowing is 11 The import interest rate used by Blue Inc. and known to blossom 101 The total cost of building the three engine is $2.501.000. The cor e of the engine is stimated to be 10 years, with residual values . Nossom deprecates mir w ent on a stra n e buss. At the end of the lease, som neste to the engines Collect the lease payment is reasonably certain uncertainties est relative to reimbursable lessor CSS Cliccato laceraties (6) Prepare the journal entry or no entry is required select "No 58,971.) to record the transaction on January 1, 2017, on the books of Blossom Industries (Credit C try for the accattles and enter for the amounts Hound present value factar ca a r n d te d Indeed wha del places. I n t is need. Be wariad man the final anwer to decimal places Aco u sand Explanation Credi o nes to record C) Prepare the oumal s transaction January 2017. the booke Ac i des and Explanation Berinden al pr a y 1, 2017. (Credit accounts Account Titles and Explanation Lee Canuary 1, 2017) Le Canary 1, 2017) a rt es (d) Prepare the journal entries for both the less entry is required select "No Entry for the and ler to record the first payment on lancary , 2017 C sandter for the amounts utomatically added when amonti e amor in many of Deba Kocourt Tules and Explanation Le (lamary 1, 2017) Lesso (anuary 1, 2017) ) Prepare a base main chedule for 2 year. (Round answers to decimale BLOOR INISTRIES Les mer om hule Reduction in Date Receipt/Payment Rec e /libility Racevile/tability Receivable Liit 1/1/17 11 US Weltem of inden many In are many indeed when amount t Deceber 11, 2017 Or e water r eve Prepare the journal entre for both the Des de Me Twist Leve (December 31, 2017) Les (December 31, 2017) BLOSSOM INDUSTRIES Balance Sheet (Partial) Asset Current Liability BLUE INC. Balance Sheet (Partial) S OFAS
