Question: REQUIRED: You are preparing the financial statement presentation for Bob's Electronics Ltd. year-end of December 31. Answer the following questions with respect to this lease



REQUIRED: You are preparing the financial statement presentation for Bob's Electronics Ltd. year-end of December 31. Answer the following questions with respect to this lease agreement. (1) What accounts and amounts will appear on Bob's income statement for the year ending December 31, 2020? Use the drop-down boxes to select the appropriate account name. Round all final amounts to the nearest whole dollar using the ROUND formula. Account name Amount $ (2). What accounts and amounts will appear on Bob's balance sheet as at December 31, 2020? Use the drop-down boxes to select the appropriate account name under the classification provided. Round all amounts to the nearest whole dollar using the ROUND formula. Enter any credit balances as negative numbers. Classification Account Name Amount ($) Non-current assets Current liabilities Non-current liabilities (3) What accounts and amounts will appear on Bob's income statement for the year ending December 31, 2021? Use the drop-down boxes to select the appropriate account name. Round all final amounts to the nearest whole dollar using the ROUND formula. Account name Amount $ (4). What accounts and amounts will appear on Bob's balance sheet as at December 31, 2021? Use the drop-down boxes to select the appropriate account name under the classification provided. Round all amounts to the nearest whole dollar using the ROUND formula. Enter any credit balances as negative numbers. Classification Account Name Amount ($) Non-current assets Current liabilities Non-current liabilities REQUIRED: You are preparing the financial statement presentation for Bob's Electronics Ltd. year-end of December 31. Answer the following questions with respect to this lease agreement. (1) What accounts and amounts will appear on Bob's income statement for the year ending December 31, 2020? Use the drop-down boxes to select the appropriate account name. Round all final amounts to the nearest whole dollar using the ROUND formula. Account name Amount $ (2). What accounts and amounts will appear on Bob's balance sheet as at December 31, 2020? Use the drop-down boxes to select the appropriate account name under the classification provided. Round all amounts to the nearest whole dollar using the ROUND formula. Enter any credit balances as negative numbers. Classification Account Name Amount ($) Non-current assets Current liabilities Non-current liabilities (3) What accounts and amounts will appear on Bob's income statement for the year ending December 31, 2021? Use the drop-down boxes to select the appropriate account name. Round all final amounts to the nearest whole dollar using the ROUND formula. Account name Amount $ (4). What accounts and amounts will appear on Bob's balance sheet as at December 31, 2021? Use the drop-down boxes to select the appropriate account name under the classification provided. Round all amounts to the nearest whole dollar using the ROUND formula. Enter any credit balances as negative numbers. Classification Account Name Amount ($) Non-current assets Current liabilities Non-current liabilities
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