the last one is 4 entries

Windsor Corporation leases a building to Wildhorse, Inc. on January 1, 2020. The following facts pertain to the lease agreement. 1. 2. 3. The lease term is 10 years with equal annual rental payments of $3,549 at the end of each year. Ownership does not transfer at the end of the lease term, there is no bargain purchase option, and the asset is not of a specialized nature. The building has a fair value of $35,200, a book value to Windsor of $22,500. and a useful life of 15 years. At the end of the lease term. Windsor and Wildhorse expect the residual value of the building to be $12.700, and this amount is guaranteed by Money, Inc., a third party. Windsor wants to earn a 5% return on the lease, and collectibility of the payments is probable. 4. 5. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Your answer is correct. Determine the nature of this lease to both Windsor and Wildhorse. The lease is a/an financing lease to Windsor. The lease is a/an operating lease V to Wildhorse. eTextbook and Media List of Accounts Assume the present value of lease payments and third-party guarantee is $35,200 and the rate of return to amortize the net lease receivable to zero is 13.46%. Prepare the amortization schedules Windsor would use to amortize the net lease receivable to zero. (Round answers to 0 decimal places, eg. 5,275.) WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Sales-Type Lease Interest on Recovery of Lease Receivable Lease Receivable Annual Lease Payment Date $ 1/1/20 i i $ i 12/31/20 3,549 I 12/31/21 3,549 12/31/22 3,549 12/31/23 3,549 1/1/20 $ Me $ we 12/31/20 3,549 12/31/21 3,549 12/31/22 3,549 12/31/23 3,549 12/31/24 3,549 12/31/25 3,549 12/31/26 3,549 ho 12/31/27 3,549 12/31/28 3,549 12/31/29 3,549 12/31/30 3,549 ssume the present value of lease payments and third-party guarantee is $35,200 and the rate of return to amortize the net ese receivable to zero is 13.46%. Prepare the amortization schedules Windsor would use to amortize the net lease receivable zero. (Round answers to o decimal places, eg. 5,275.) WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Sales-Type Lease Interest on Recovery of Lease Receivable Lease Receivable aual Lease ayment Lease Receivable i $ i $ i $ 35,200 3,549 3,549 3.549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 $ $ WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Direct Financing Lease Interest on Recovery of Lease Receivable Lease Receivable Annual Lease Payment Date 1/1/20 $ i $ i tA 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Direct Financing Lease Interest on Recovery of Lease Receivable Lease Receivable jual Lease ayment Lease Receivable i $ EN 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31 25 12/3726 12/31/22 1222 12/3129 12/31/29 Your answer is partlally "repare the journal entries to record the entries for Windsor for 2020 and 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e g. 5,275. Record journal entries in the order presented in the problem.) Debit Credit Account Titles and Explanation Date 1/1/20 1/1/20 1/1/20 12/31/20 Prepare the journal entries for Wildhorse (the lessee) for 2020 and 2021, assuming the rate implicit in the lease is known to Wildhorse. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Round answers to o decimal places, eg. 5,275. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit Windsor Corporation leases a building to Wildhorse, Inc. on January 1, 2020. The following facts pertain to the lease agreement. 1. 2. 3. The lease term is 10 years with equal annual rental payments of $3,549 at the end of each year. Ownership does not transfer at the end of the lease term, there is no bargain purchase option, and the asset is not of a specialized nature. The building has a fair value of $35,200, a book value to Windsor of $22,500. and a useful life of 15 years. At the end of the lease term. Windsor and Wildhorse expect the residual value of the building to be $12.700, and this amount is guaranteed by Money, Inc., a third party. Windsor wants to earn a 5% return on the lease, and collectibility of the payments is probable. 4. 5. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Your answer is correct. Determine the nature of this lease to both Windsor and Wildhorse. The lease is a/an financing lease to Windsor. The lease is a/an operating lease V to Wildhorse. eTextbook and Media List of Accounts Assume the present value of lease payments and third-party guarantee is $35,200 and the rate of return to amortize the net lease receivable to zero is 13.46%. Prepare the amortization schedules Windsor would use to amortize the net lease receivable to zero. (Round answers to 0 decimal places, eg. 5,275.) WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Sales-Type Lease Interest on Recovery of Lease Receivable Lease Receivable Annual Lease Payment Date $ 1/1/20 i i $ i 12/31/20 3,549 I 12/31/21 3,549 12/31/22 3,549 12/31/23 3,549 1/1/20 $ Me $ we 12/31/20 3,549 12/31/21 3,549 12/31/22 3,549 12/31/23 3,549 12/31/24 3,549 12/31/25 3,549 12/31/26 3,549 ho 12/31/27 3,549 12/31/28 3,549 12/31/29 3,549 12/31/30 3,549 ssume the present value of lease payments and third-party guarantee is $35,200 and the rate of return to amortize the net ese receivable to zero is 13.46%. Prepare the amortization schedules Windsor would use to amortize the net lease receivable zero. (Round answers to o decimal places, eg. 5,275.) WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Sales-Type Lease Interest on Recovery of Lease Receivable Lease Receivable aual Lease ayment Lease Receivable i $ i $ i $ 35,200 3,549 3,549 3.549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 3,549 $ $ WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Direct Financing Lease Interest on Recovery of Lease Receivable Lease Receivable Annual Lease Payment Date 1/1/20 $ i $ i tA 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 WINDSOR CORPORATION (Lessor) Lease Amortization Schedule Direct Financing Lease Interest on Recovery of Lease Receivable Lease Receivable jual Lease ayment Lease Receivable i $ EN 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31 25 12/3726 12/31/22 1222 12/3129 12/31/29 Your answer is partlally "repare the journal entries to record the entries for Windsor for 2020 and 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e g. 5,275. Record journal entries in the order presented in the problem.) Debit Credit Account Titles and Explanation Date 1/1/20 1/1/20 1/1/20 12/31/20 Prepare the journal entries for Wildhorse (the lessee) for 2020 and 2021, assuming the rate implicit in the lease is known to Wildhorse. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Round answers to o decimal places, eg. 5,275. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit