subject
Business, 16.04.2020 20:42 0318929

On January 1, Lorraine, Inc., entered into a lease contract. The lease contract was a ten-year lease for a computer with $16,000 annual lease payments due at the end of each year. Lorraine took possession of the computer on January 1. The present value of the lease payments under the lease contract is $117,761. The lease contract is a finance lease. Prepare the journal entry for this lease on January 1.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
question
Business, 22.06.2019 10:00
In a chapter 7 bankruptcy, a debtor:
Answers: 2
question
Business, 22.06.2019 11:00
Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.
Answers: 3
question
Business, 22.06.2019 18:30
Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.
Answers: 2
You know the right answer?
On January 1, Lorraine, Inc., entered into a lease contract. The lease contract was a ten-year lease...
Questions
question
Mathematics, 14.09.2020 14:01
question
Mathematics, 14.09.2020 14:01
question
Mathematics, 14.09.2020 14:01
question
Mathematics, 14.09.2020 14:01
question
Mathematics, 14.09.2020 14:01
question
Mathematics, 14.09.2020 14:01
question
Geography, 14.09.2020 14:01
question
Health, 14.09.2020 15:01
question
History, 14.09.2020 15:01
question
English, 14.09.2020 15:01
question
History, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Physics, 14.09.2020 15:01
question
English, 14.09.2020 15:01
question
History, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01