Exercise Algo Lessee and lessor; salestype lease with selling profit LO
Eye Deal Optometry leased visiontesting equipment from Insight Machines on January Insight Machines manufactured the equipment at a cost of $ and lists a cash selling price of $ Appropriate adjusting entries are made quarterly.
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Required:
Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January and on March
Prepare appropriate entries for Insight Machines to record the arrangement at its beginning, January and on March
Complete this question by entering your answers in the tabs below.
Prepare appropriate entries for Eye Deal to record the arrangement at its beginning, January and on March
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your intermediate calculations and final answer to the nearest whole dollar.
tableNoDate,General Journal,Debit,CreditJanuary Rightofuse asset,
