tView History Bookmarks People Tab Window Help .wileyplus.com/eduger/student/mainfr.uni WilayPLUSMYWELUS IN Kleso, Intermediate Accounting, 17e INTERM FINANCIAL ACCT CALCULATOR MESSAGE NY INSTRUCTOR STANDARD VIEW PRINTER VERSION Exercise 21-11 The following facts pertanto a non-cancelable lease agreement between Windsor Leasing Company and Wildhorse Company, alesse May 1, 2020 Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2020 Lessor's implicitate Lessee's incremental borrowing rate $15,138.16 $4,000 5 years 10 years $50,000 $68,000 The collectibility of the lease payments by Windsor is probable Click here to view factor tables Your answer is incorrect. Try again Compute the amount of the lease receivable at commencement of the lease. (For calculation provided and round answer to 2 decimal places.. 5.275.15.) Lease receivable at commencement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEST DE .05% BOATOX CSG Sat 3:57 PM View History Bookmarks People Tab Window Help wileyplus.com/eduger/student mainteni INTERM FINANCIAL ACCTG I/II (BUSA Kieso, Intermediate Accounting, 17e Presare the malentes to reflect the signing of the lease agreement and to record the recitand income related to this for the years 2020 and 2031. The dando god by w atchi tinent danswers to decid e 5.275.15. Record journal entries in the order presented in the problem d e Account Titles and Explanation Date TEL/20 Cost of Goods Sold 21 DAN .0"TROOMSON v BN MI? 1 View History Bookmarks People Tab Window Help 1.wileyplus.com/eduger/student/mainfr.uni WileyPLUS: MYWELL Kieso, Intermediate Accounting, 17e INTERM FINANCIAL SAGE HY INSTRUCTOR STANDARD VIEW PRINTER SHOW LIST OF ACCOUNTS LINK TO TEXT UNK TO TEST Your answer is partially correct. Try again Suppose the collectibility of the lease payments was not probable for Windsor. Prepare all necessary journal entries for the company in 2020. (Cred automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5.275.15.) Date Account Titles and Explanation Debit Credit 5/1/20 Cash 10909-21 10909.21 3.0% A10X Cros tView History Bookmarks People Tab Window Help .wileyplus.com/eduger/student/mainfr.uni WilayPLUSMYWELUS IN Kleso, Intermediate Accounting, 17e INTERM FINANCIAL ACCT CALCULATOR MESSAGE NY INSTRUCTOR STANDARD VIEW PRINTER VERSION Exercise 21-11 The following facts pertanto a non-cancelable lease agreement between Windsor Leasing Company and Wildhorse Company, alesse May 1, 2020 Commencement date Annual lease payment due at the beginning of each year, beginning with May 1, 2020 Bargain purchase option price at end of lease term Lease term Economic life of leased equipment Lessor's cost Fair value of asset at May 1, 2020 Lessor's implicitate Lessee's incremental borrowing rate $15,138.16 $4,000 5 years 10 years $50,000 $68,000 The collectibility of the lease payments by Windsor is probable Click here to view factor tables Your answer is incorrect. Try again Compute the amount of the lease receivable at commencement of the lease. (For calculation provided and round answer to 2 decimal places.. 5.275.15.) Lease receivable at commencement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEST DE .05% BOATOX CSG Sat 3:57 PM View History Bookmarks People Tab Window Help wileyplus.com/eduger/student mainteni INTERM FINANCIAL ACCTG I/II (BUSA Kieso, Intermediate Accounting, 17e Presare the malentes to reflect the signing of the lease agreement and to record the recitand income related to this for the years 2020 and 2031. The dando god by w atchi tinent danswers to decid e 5.275.15. Record journal entries in the order presented in the problem d e Account Titles and Explanation Date TEL/20 Cost of Goods Sold 21 DAN .0"TROOMSON v BN MI? 1 View History Bookmarks People Tab Window Help 1.wileyplus.com/eduger/student/mainfr.uni WileyPLUS: MYWELL Kieso, Intermediate Accounting, 17e INTERM FINANCIAL SAGE HY INSTRUCTOR STANDARD VIEW PRINTER SHOW LIST OF ACCOUNTS LINK TO TEXT UNK TO TEST Your answer is partially correct. Try again Suppose the collectibility of the lease payments was not probable for Windsor. Prepare all necessary journal entries for the company in 2020. (Cred automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5.275.15.) Date Account Titles and Explanation Debit Credit 5/1/20 Cash 10909-21 10909.21 3.0% A10X Cros