Can someone help me with this
question, please? I know the answer is 75,000 but can you show me
how? how would this look in journal entry?
Please show your work and thanks in advance!
Homework Answers
Lease Revenue = Normal selling price - present value of residual value
= $77,200 - $2,200 = $75,000
Option D is correct i.e. $75,000.
Journal entry :-
| Account Title and Explanation | Debit | Credit |
| Lease Receivable | 75,000 | |
| Lease Revenue | 75,000 |
Add Answer to:
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can someone please tell me how to get the 20,000? in has this
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can someone please tell me how to get the 20,000? in has this
formula in excel: PV(H4, 4, D5 ,,0) to calculate the 20000.
The problem is i don't know how to get the 20,000 manually
without using excel formula. can someone help me with this
question, please? I want to know to calculate that 20,000 without
excel formula.
please help and thanks in advance!
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please help me answer those 2 question. TIA
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difference but based on the answer key I was wrong. Can someone
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