Business, 13.07.2021 15:20 milkshakegrande101
On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $10,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $90,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually.
Required:
a. Prepare appropriate Journal entries recorded by Nath- Langstrom Services for the first year of the lease.
b. Prepare appropriate journal entries recorded by Computer World Leasing for the first year of the lease
Answers: 3
Business, 22.06.2019 01:40
At the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events. 1. a.interns b.trainees c.members 2. a.participate b.train c.win
Answers: 2
Business, 22.06.2019 06:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
Answers: 3
Business, 22.06.2019 19:00
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
Business, 22.06.2019 20:40
Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance
Answers: 1
On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several...
Social Studies, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Biology, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Chemistry, 27.10.2020 02:40
Mathematics, 27.10.2020 02:40
Social Studies, 27.10.2020 02:40
History, 27.10.2020 02:40