Business, 05.05.2020 07:26 LEXIEXO

Mabry Technologies began leasing computer servers with eight-year terms on January 1, 2020. The lease has an implicit rate of 6% and requires eight equal payments of $30,000. The first is paid on the date the lease is signed and the remaining seven payments are to be paid on December 31 of each year, beginning in 2020. Which of the following will be included in the journal entry that Mabry will make to record the lease payment on December 31, 2020:

Select one:

a. Debit to interest expense for 10,048

b. Debit to lease liability for $21,149

c. Debit to lease liability for $30,000

d. Debit to interest expense for 8,851

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 16:30

What comprises a list of main points and sub-points of a topic to include in a presentation

Answers: 2

Answer

Business, 21.06.2019 20:30

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

Answers: 2

Answer

Business, 22.06.2019 11:00

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

Answers: 1

Answer

Business, 22.06.2019 16:40

Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality

Answers: 2

Answer

You know the right answer?

Mabry Technologies began leasing computer servers with eight-year terms on January 1, 2020. The leas...

Questions