On january 1, 2004, harrow co. as lessee signed a 5-year noncancelable equipment lease with annual payments of $100,000 beginning december 31, 2004. harrow treated this transaction as a capital lease. the five lease payments have a present value of $379,000 at january 1, 2004 based on interest of 10%. what amount should harrow report as interest expense for the year ending december 31, 2004?

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.