subject
Business, 12.04.2021 23:30 cherri319

Renth Corporation entered into the following transactions: 1. On January 1, 2020 Lee Car Rental leased a car to Renth Corporation for one year. Terms of the operating lease call for monthly payments of $650. 2. On January 1, 2020, Renth Corporation entered into an agreement to lease 20 machines from Sweis Corporation. The terms of the lease agreement require an initial payment of $500,000 and then three annual rental payments of $600,000 beginning on December 31, 2020. The present value of the three rental payments is $1,492,108. The lease is a capital lease. Prepare the appropriate journal entries to be made by Renth Corporation in January related to the lease transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 19:00, williamsvilletiles
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
image
Business, 22.06.2019 19:50, annabanana1298
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
image
Business, 22.06.2019 20:40, MyaMya12
Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005
Answers: 1
image
Business, 22.06.2019 21:20, isabelvaldez123
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
You know the right answer?
Renth Corporation entered into the following transactions: 1. On January 1, 2020 Lee Car Rental leas...

Questions in other subjects: