SlideShare a Scribd company logo
1 of 1
Download to read offline
9 Manufacturers Southern leased high-tech electronic equipment from International Machines on
January 1, 2024. International Machines manufactured the equipment at a cost of $88,000.
Manufacturers Southern's fiscal year ends December 31. Note: Use tables, Excel, or a financial
calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 )
Required: 1. Show how International Machines determined the $15,700 quarterly lease
payments. 2. Prepare appropriate entries for International Machines to record the lease at its
beginning, January 1, 2024, and the secon lease payment on April 1, 2024. Complete this
question by entering your answers in the tabs below. Show how International Machines
determined the $15,700 quarterly lease payments. Note: Round your intermediate and final
answers to the nearest whole dollar. Round your percentage answer to 1 decimal place.
2. Prepare appropriate entries for International Machines to record the lease at its beginning,
January 1,2024 , and the second lease payment on April 1, 2024. Complete this question by
entering your answers in the tabs below. Prepare appropriate entries for International Machines
to record the lease at its beginning, January 1, 2024, and the second lease payment on April 1,
2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in
the first account field. Round your intermediate and final answers to the nearest whole dollar.
Journal entry worksheet 3 Note: Enter debits before credits.

More Related Content

Similar to 9 Manufacturers Southern leased high-tech electronic equipment from .pdf

Similar to 9 Manufacturers Southern leased high-tech electronic equipment from .pdf (11)

ACC 422 EXPERT Become Exceptional--acc422expert.com
ACC 422 EXPERT Become Exceptional--acc422expert.comACC 422 EXPERT Become Exceptional--acc422expert.com
ACC 422 EXPERT Become Exceptional--acc422expert.com
 
ACC 422 Become Exceptional--acc422.com
ACC 422 Become Exceptional--acc422.comACC 422 Become Exceptional--acc422.com
ACC 422 Become Exceptional--acc422.com
 
ACC 422 NERD Education Counseling--acc422nerd.com
 ACC 422 NERD Education Counseling--acc422nerd.com ACC 422 NERD Education Counseling--acc422nerd.com
ACC 422 NERD Education Counseling--acc422nerd.com
 
ACC 422 NERD Become Exceptional--acc422nerd.com
ACC 422 NERD Become Exceptional--acc422nerd.comACC 422 NERD Become Exceptional--acc422nerd.com
ACC 422 NERD Become Exceptional--acc422nerd.com
 
ACC 422 NERD Lessons in Excellence--acc422nerd.com
ACC 422 NERD Lessons in Excellence--acc422nerd.comACC 422 NERD Lessons in Excellence--acc422nerd.com
ACC 422 NERD Lessons in Excellence--acc422nerd.com
 
ACC 422 NERD Education for Service--acc422nerd.com
 ACC 422 NERD Education for Service--acc422nerd.com ACC 422 NERD Education for Service--acc422nerd.com
ACC 422 NERD Education for Service--acc422nerd.com
 
ACC 422 Education for Service--acc422.com
ACC 422 Education for Service--acc422.comACC 422 Education for Service--acc422.com
ACC 422 Education for Service--acc422.com
 
ACC 422 EXPERT Education for Service--acc422expert.com
ACC 422 EXPERT Education for Service--acc422expert.comACC 422 EXPERT Education for Service--acc422expert.com
ACC 422 EXPERT Education for Service--acc422expert.com
 
Devry acct 504 week 6 homework
Devry acct 504 week 6 homeworkDevry acct 504 week 6 homework
Devry acct 504 week 6 homework
 
Devry acct 504 week 6 homework
Devry acct 504 week 6 homeworkDevry acct 504 week 6 homework
Devry acct 504 week 6 homework
 
Devry acct 504 week 6 homework
Devry acct 504 week 6 homeworkDevry acct 504 week 6 homework
Devry acct 504 week 6 homework
 

More from munnabhai875

A 22-year-old female had a four day history of nausea without vomiti.pdf
A 22-year-old female had a four day history of nausea without vomiti.pdfA 22-year-old female had a four day history of nausea without vomiti.pdf
A 22-year-old female had a four day history of nausea without vomiti.pdf
munnabhai875
 
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
munnabhai875
 
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
munnabhai875
 

More from munnabhai875 (20)

A challenge for implementing conservation genetics in conservation m.pdf
A challenge for implementing conservation genetics in conservation m.pdfA challenge for implementing conservation genetics in conservation m.pdf
A challenge for implementing conservation genetics in conservation m.pdf
 
7. Mahk�m ikilemi (Bonnie ve Clyde) tipi problemde veya Nash dengesi.pdf
7. Mahk�m ikilemi (Bonnie ve Clyde) tipi problemde veya Nash dengesi.pdf7. Mahk�m ikilemi (Bonnie ve Clyde) tipi problemde veya Nash dengesi.pdf
7. Mahk�m ikilemi (Bonnie ve Clyde) tipi problemde veya Nash dengesi.pdf
 
A 22-year-old female had a four day history of nausea without vomiti.pdf
A 22-year-old female had a four day history of nausea without vomiti.pdfA 22-year-old female had a four day history of nausea without vomiti.pdf
A 22-year-old female had a four day history of nausea without vomiti.pdf
 
A 2-year-old child who has developmental delay secondary to fetal al.pdf
A 2-year-old child who has developmental delay secondary to fetal al.pdfA 2-year-old child who has developmental delay secondary to fetal al.pdf
A 2-year-old child who has developmental delay secondary to fetal al.pdf
 
A 12 year old with type 1 diabetes eats a normal meal as prescribed,.pdf
A 12 year old with type 1 diabetes eats a normal meal as prescribed,.pdfA 12 year old with type 1 diabetes eats a normal meal as prescribed,.pdf
A 12 year old with type 1 diabetes eats a normal meal as prescribed,.pdf
 
9. Sheila ve Ivan ssz bir vadide yayorlar ve birbirlerinden baka kim.pdf
9. Sheila ve Ivan ssz bir vadide yayorlar ve birbirlerinden baka kim.pdf9. Sheila ve Ivan ssz bir vadide yayorlar ve birbirlerinden baka kim.pdf
9. Sheila ve Ivan ssz bir vadide yayorlar ve birbirlerinden baka kim.pdf
 
9. Aadakilerden hangisi mal ktln halletmenin etik yollarndan biri DE.pdf
9. Aadakilerden hangisi mal ktln halletmenin etik yollarndan biri DE.pdf9. Aadakilerden hangisi mal ktln halletmenin etik yollarndan biri DE.pdf
9. Aadakilerden hangisi mal ktln halletmenin etik yollarndan biri DE.pdf
 
9)A. Enumere y explique tres motivos estrat�gicos por los que las em.pdf
9)A. Enumere y explique tres motivos estrat�gicos por los que las em.pdf9)A. Enumere y explique tres motivos estrat�gicos por los que las em.pdf
9)A. Enumere y explique tres motivos estrat�gicos por los que las em.pdf
 
8) Los principales emisores de valores del mercado de capitales incl.pdf
8) Los principales emisores de valores del mercado de capitales incl.pdf8) Los principales emisores de valores del mercado de capitales incl.pdf
8) Los principales emisores de valores del mercado de capitales incl.pdf
 
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
8. Amanda hemirelik �nlisans derecesini yeni bitirdi. Uzun vadeli he.pdf
 
8 medical terms, break them down into their prefix, suffix and combi.pdf
8 medical terms, break them down into their prefix, suffix and combi.pdf8 medical terms, break them down into their prefix, suffix and combi.pdf
8 medical terms, break them down into their prefix, suffix and combi.pdf
 
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
7. Maetta Vance, an African American woman, worked at Ball State Uni.pdf
 
7.Notification DifferencesExplain in your own words the differences.pdf
7.Notification DifferencesExplain in your own words the differences.pdf7.Notification DifferencesExplain in your own words the differences.pdf
7.Notification DifferencesExplain in your own words the differences.pdf
 
7. (1 pt) Quantitative inheritance involves the interaction of a num.pdf
7. (1 pt) Quantitative inheritance involves the interaction of a num.pdf7. (1 pt) Quantitative inheritance involves the interaction of a num.pdf
7. (1 pt) Quantitative inheritance involves the interaction of a num.pdf
 
7. Daisy Pitkin is a labor organizer. Who is she trying to organize .pdf
7. Daisy Pitkin is a labor organizer. Who is she trying to organize .pdf7. Daisy Pitkin is a labor organizer. Who is she trying to organize .pdf
7. Daisy Pitkin is a labor organizer. Who is she trying to organize .pdf
 
6. Perform decryption and encryption using RSA algorithm with p=3, q.pdf
6. Perform decryption and encryption using RSA algorithm with p=3, q.pdf6. Perform decryption and encryption using RSA algorithm with p=3, q.pdf
6. Perform decryption and encryption using RSA algorithm with p=3, q.pdf
 
6. Durante un viaje de pesca, Tom Snyder conoci� a una pareja de anc.pdf
6. Durante un viaje de pesca, Tom Snyder conoci� a una pareja de anc.pdf6. Durante un viaje de pesca, Tom Snyder conoci� a una pareja de anc.pdf
6. Durante un viaje de pesca, Tom Snyder conoci� a una pareja de anc.pdf
 
57 of all violent felons in the prison system are repeat offenders. I.pdf
57 of all violent felons in the prison system are repeat offenders. I.pdf57 of all violent felons in the prison system are repeat offenders. I.pdf
57 of all violent felons in the prison system are repeat offenders. I.pdf
 
5000039802980 After auditing Jayne Morgans 2020 Form 1040, th.pdf
5000039802980 After auditing Jayne Morgans 2020 Form 1040, th.pdf5000039802980 After auditing Jayne Morgans 2020 Form 1040, th.pdf
5000039802980 After auditing Jayne Morgans 2020 Form 1040, th.pdf
 
52 of all Americans are home owners. If 31 Americans are randomly sel.pdf
52 of all Americans are home owners. If 31 Americans are randomly sel.pdf52 of all Americans are home owners. If 31 Americans are randomly sel.pdf
52 of all Americans are home owners. If 31 Americans are randomly sel.pdf
 

Recently uploaded

Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
Chris Hunter
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
MateoGardella
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 

Recently uploaded (20)

Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
 
Gardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch LetterGardella_PRCampaignConclusion Pitch Letter
Gardella_PRCampaignConclusion Pitch Letter
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 

9 Manufacturers Southern leased high-tech electronic equipment from .pdf

  • 1. 9 Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2024. International Machines manufactured the equipment at a cost of $88,000. Manufacturers Southern's fiscal year ends December 31. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Required: 1. Show how International Machines determined the $15,700 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2024, and the secon lease payment on April 1, 2024. Complete this question by entering your answers in the tabs below. Show how International Machines determined the $15,700 quarterly lease payments. Note: Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to 1 decimal place. 2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1,2024 , and the second lease payment on April 1, 2024. Complete this question by entering your answers in the tabs below. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2024, and the second lease payment on April 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate and final answers to the nearest whole dollar. Journal entry worksheet 3 Note: Enter debits before credits.