tele Co Thement valued Corps 51. The com amehe 10.000 Date dation 1/2 41 10 /A 510,000 5 $ 10,000 11,9 1,170 30 24.15 13 REQUIRED Calculate the amount of deprese on the besede Corporation would record for its year ending December 31, 2022. Show your cation in the blue bon provided. Round to the neart while being the ROUND formula 14 15 Depreciation expense 10 2. Prepare the following ournal entries as described below. Make sure to select the most appropriate account name the drop down oes provided Roundwers to the nearest whole dotaring the HOUND Formula of an account is to be used twice, SUSTIT TWICE rather than combining into one roW 12 TH 19 Date Account Title Debit Creden ROUND TO THE 20 W NEAREST WHOLE 21 YE NUMBER USING THE Acour internet on equipment lease of yearend, ROUND FORMULA 23 24 Date Account Title Debit Credit ROUND TO THE 25 1/Apr/23 NEAREST WHOLE 26 NUMBER USING THE 27 P2 ROUND FORMULA Keel Corporation entered into a five-year, non-cancellable capital equipment lease with Nora Corporation. The equipment has an economic life of 10 years with a no estimated residual value at the end of its economic life. Keel Corporation has a December 31st year and and is given an option to purchase the equipment at the end of the lease for $1. The following is the correct amortization schedule prepared for the first 2 payments: Date Principal Lease payment 8 Interest Balance reduction 9 1/Apr/22 $ 41,699 10 1/Apr/22 $10,000 $ $ 10,000 31,699 11 1/Apr/23 10,000 3,170 6,830 24,869 12 13 REQUIRED: (1). Calculate the amount of depreciation expense on the leased equipment Keel Corporation would record for its year ending December 31, 2022. Show your calculation in the blue box provided. Round to the nearest whole number using the ROUND formula 14 15 Depreciation expense 16 (2). Prepare the following journal entries as described below. Makelure to select the most appropriate account name from the drop-down boxes provided. Round all answers to the nearest whole dollar using the ROUND Formula. If an account is to be used twice, please LIST IT TWICE rather than combining into one row. 17 13 REQUIRED: (1). Calculate the amount of depreciation expense on the leased equipment Keel Corporation would record for its year ending December 31, 2022. Show your calculation in the blue bom provided. Round to the nearest whole number using the ROUND formula 14 15 Depreciation expense 16 (2). Prepare the following journal entries as described below. Make sure to select the most appropriate account name from the drop-down boxes provided. Round all answers to the nearest whole dollar using the ROUND Formula. W an account is to be used twice, please LIST IT TWICE rather than combining into one row. 17 18 19 Date Account Title Debit Credit ROUND TO THE 20 NEAREST WHOLE 21 Y/E NUMBER USING THE 22 Accrue Interest on equipment lease at year end. ROUND FORMULA 23 24 Date Account Title Debit Credit ROUND TO THE 25 1/Apr/23 NEAREST WHOLE 26 NUMBER USING THE 27 P2 ROUND FORMULA 28 29 Record second lease payment made to Noro Corporation. 20
