Afinance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on july 1, the beginning of the lease. the annual interest rate is 8%. both the present value of the lease payments and the cost of the asset to the lessor are $150,000.

required:
a. prepare a partial amortization table up to the october 1 payment.
b. what would be the amount of interest expense (revenue) the lessee (lessor) would record in conjunction with the second quarterly payment on october 1?

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.