Southwestem Edison Company leased equipment from Hi-Tech Leasing on January 1, 2024. H-Tech manufactured the...
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Accounting
Southwestem Edison Company leased equipment from Hi-Tech Leasing on January 1, 2024. H-Tech manufactured the equipment at a cost of $95,000 There is no expected residual value. Required: Prepare appropriate journal entries for Hl-Tech Leasing for 2024 . Assume a December 31 year-end. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts
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