Business, 28.05.2021 02:20 staffordkimberly

Post Co as a lessee records a finance lease of machinery on 1/1/19. The 7 annual lease payments of $210,000 are paid at the end of each year. The present value of the lease payments at 10% is $1,022,400. Prepare a lease amortization schedule from 1/1/19 to 12/31/20. Prepare the journal entries from 1/1/19 to 12/31/20.

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Post Co as a lessee records a finance lease of machinery on 1/1/19. The 7 annual lease payments of $...

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