Question: Question 2: (Points 10) Amount in SARA Asset Price WOOO Rryal Monthly rentals TO Rrals Tenure 2 years Security Deposit 19 Delivery time moth Purchase

Question 2: (Points 10) Amount in SARA Asset Price WOOO Rryal Monthly rentals TO Rrals Tenure 2 years Security Deposit 19 Delivery time moth Purchase of the 1.12.2017 Useful life of the 24 and Resdual value of these 2000 Riyals Pass the necessary journal entries on the date of purchase, delivery to the lessee, and for the receipt of the rent income for the first two months. Also pass the journal entry at the end of the useful life of the asset, considering that the asset is sold at 2000 Riyals after its useful life. Solution: Date Debrecen 01-01-2017 Equipment Account Cash Accent 01-01-2017 01.402-2017 28.02.2017 28.02-2017 30-03-2017 30-03-2017 Al the time of maturity At the time of maunty

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