Kubby NV specializes in leasing large storage units to other businesses. Kubby entered a contract to lease
Question:
Given the above schedule, make the appropriate entries at December 31, 2022, to record the accrual of interest and the return of the storage unit to Kubby (assuming the unit is returned on December 31, 2022, at the expected and guaranteed residual value of ¬1,000).
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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