Question: Jin Li an employee of ETrain com leases a car at
Jin Li, an employee of ETrain.com, leases a car at O’Hare airport for a three-day business trip. The rental cost is $ 250. Prepare the entry by ETrain.com to record Jin Li’s short-term car lease cost.
Answer to relevant QuestionsAlgoma, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the lease payments is $ 15,499. Prepare the journal entry that Algoma records at the inception of this capital lease.Refer to Polaris’ 2011 balance sheet in Appendix A. How many shares of common stock are authorized? How many shares of voting common stock are issued? Refer to the financial statements of Piaggio in Appendix A. Compute its return on total assets for the year ended December 31, 2011.Use the following information for Tide Corporation to determine the 2012 and 2013 trend percents for net sales using 2012 as the baseyear.Refer to the information in QS 20-2, QS 20-3, and QS 20-4. Blanche’s Boxes completed 20,000 boxes costing $ 275,000 and transferred them to finished goods. Prepare its journal entry to record the transfer of the boxes from ...
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