Nezcorp enters a 4-year lease with the following schedule of beginning-of-year payments: a. Prepare the...
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Accounting
Nezcorp enters a 4-year lease with the following schedule of beginning-of-year payments: a. Prepare the required journal entries on: i. January 1, 2016 ii. December 31, 2016 iii. January 1, 2017 iv. December 31, 2017 v. January 1, 2018 vi. December 31, 2018 vii. January 1, 2019 viii. December 31, 2019 b. Prepare T-accounts for Prepaid Lease and Lease Payable.
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