Question

The following facts pertain to a non-cancelable lease agreement between Tamarisk Leasing Company and Carla Vista Company, a lCompute the amount of the lease receivable at commencement of the lease. (For calculation purposes, use 5 decimal places as dPrepare the journal entries to reflect the signing of the lease agreement and to record the receipts and income related to thSuppose the collectibility of the lease payments was not probable for Tamarisk. Prepare all necessary journal entries for the

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Answer #1

. chy aj Rv. of annuity deve of 1 for hes_67. Rousend value of prebodie resdal foryone.net 6°17,86802_x44.65.1). Perspend ValDate t/5720 89000 Towenal interes Accoumt tilhe & Eschlorochion lebit Gudit Lease Receivable 82000 Cost of goods Suld 65,000

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