Question: - Cob iy assured with no additional cost to De Lucu Prepare IBM's January 1, 2017, journal entries at the inception of the lease. BE21-7

- Cob iy assured with no additional cost to De Lucu Prepare IBM's January 1, 2017, journal entries at the inception of the lease. BE21-7 (L03) Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value $150,000. Prepare IBM's December 31, 2017, entry to record interest BE21-8 (L03) Jennifer Brent Corporation owns equipment that cost $80,000 and has a useful life of 8 vears with no salvage - Cob iy assured with no additional cost to De Lucu Prepare IBM's January 1, 2017, journal entries at the inception of the lease. BE21-7 (L03) Use the information for IBM from BE21-6. Assume the direct-financing lease was recorded at a present value $150,000. Prepare IBM's December 31, 2017, entry to record interest BE21-8 (L03) Jennifer Brent Corporation owns equipment that cost $80,000 and has a useful life of 8 vears with no salvage

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