Question: Using Excel to Account for Leases PROBLEM Walla Corporation, which uses ASPE, enters into a six - year lease of equipment on September 1 ,

Using Excel to Account for Leases PROBLEM Walla Corporation, which uses ASPE, enters into a six-year lease of equipment on September 1,2023, that requires annual payments beginning September 1,2023. In addition, Walla guarantees the lessor a residual value at lease end. Amount of annual lease payments Guaranteed residual value Lease term in years Useful life of equipment in years Interest rate Student Work Area Required: Provide input into cells shaded in yellow in this template. Use Excel's PV function with cell references to the Problem area or this work area as indicated. a. Using Excel function, calculate the amount of the capital lease and prepare Walla's September 1,2023 journal entry.
Using Excel to Account for Leases PROBLEM Walla

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