Question: Current Attempt in Progress Cullumber Co . as lessee records a finance lease of machinery on January 1 , 2 0 2 5 . The
Current Attempt in Progress
Cullumber Co as lessee records a finance lease of machinery on January The seven annual lease payments of $ are
made at the end of each year. The present value of the lease payments at is $ Cullumber uses the effectiveinterest
method of amortization and sumoftheyears'digits depreciation no residual value
a
v Your answer is correct.
Prepare an amortization table for and Round answers to decimal places, eg
CULLUMBER Co
Lease Amortization Schedule
Your answer is partially correct.
Prepare all of Cullumber's journal entries for Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Round answers to decimal places, eg
JUST HELP WITH THE NUMBER FOR THE LAST JOURNAL ENTRY, SHOW HOW TO DO IT
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