Sales $1000 are your regular sales revenue and all sales are cash sales. A) 50% of week 10's unearned revenue is earned.

B) You rent a piece of equipment from a hardware store for one week at a cost of $500. You also lease a piece of equipment. The terms of the lease agreement are as follows:

- The lease is a 3 year lease with payments of $12,490.47 at the beginning of the lease and one year thereafter.

-The equipment has a fair value of $33,558.90 and the residual value of the asset after 3 years is expected to be $5,000 but is ungauranteed by the lease.

- The lease has an implicit rate of interest of 12%, no renewel option, and the equipment possission reverts back to the hardware store at the end of the lease.

- The equipment is depreciated using the straight line method. SHow this accounts in excel.