Question: Your answer is correct. Prepare a lease amortization schedule for Bonita Company for the 5-year lease term. (Round present value factor calculations to 5 decimal

 Your answer is correct. Prepare a lease amortization schedule for BonitaCompany for the 5-year lease term. (Round present value factor calculations to5 decimal places, e.g. 1.25126 and Round answers to 2 decimal places,e.g. 15.25.) BONITA COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus

Your answer is correct. Prepare a lease amortization schedule for Bonita Company for the 5-year lease term. (Round present value factor calculations to 5 decimal places, e.g. 1.25126 and Round answers to 2 decimal places, e.g. 15.25.) BONITA COMPANY (Lessee) Lease Amortization Schedule Annual Lease Payment Plus ??? Interest on Liability Reduction of Lease Liability Date Lease Liability 82,000 18,727.72 18,727.72 63,272.28 18,727.72 5,694.51 13,033.21 50,239.07 18,727.72 4,521.52 14,206.2 36,032.86 5/1/20 5/1/21 4/30/22 18,727.72 3,242.96 15,484.76 20,548.1 18,727.72 1,849.33 16,878.39 3,669.71 4,000 330.27 3,669.73 $0.02 97,638.6 15,638.58 82,000.02 Screenshot saved

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!