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Business, 02.08.2019 16:10 jnsoccerboy7260

On january 1, year 1, manlier inc. leased equipment costing $45,000 to one of its customers. the sales-type lease agreement specifies six annual payments of $15,000 beginning on that date. the present value of the annual lease payments is $73,619. at the end of the lease, the equipment will be returned to manlier and is expected to have a residual value of $5,000. the present value of that residual value is $2,822. complete the appropriate journal entry recorded by manlier at the beginning of the lease. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to the nearest whole number.)

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On january 1, year 1, manlier inc. leased equipment costing $45,000 to one of its customers. the sal...
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