Accounting for the Lessor, not the Lessee. Sales-type and operating lease journal entries. I need help with

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Accounting for the Lessor, not the Lessee.

Sales-type and operating lease journal entries.

I need help with these journal entries. Please answer whether it is a debit or credit, and why it is this account. This will help me better understand journal entries and the accounts.

A. How to move the lease deposit to a prepaid lease account or another account.

B. Monthly lease payment journal entries.

C. How to record a journal entry for the purchase of equipment at the end of an operating lease.

D. How to record a journal entry for the purchase of equipment at the end of a sales-type lease.

Related Book For answer-question

Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Posted Date: Mar 17, 2024 11:56 PM

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Accounting for the Lessor, not the Lessee. Sales-type and operating lease journal entries. I need help with

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A Moving the Lease Deposit to a Prepaid Lease Account 1 Debit Prepaid Lease Account To increase the ... View the full answer

Accounting

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