Explanation:
13,200 Rent prepaid on January 1 for 1 year
÷ 12 Months
$ 1,100 Rent expense per month
Thus, $1,100 Rent expense per month
× 7 Months
$7,700 Rent expense for January through July
At July 31, Aiden's Tavern should record $ 7700 of rent expense.
The statement above is true. When using interval method, it does not matter the number of responses, if the behavior occur in a given segment then the observer has to record it as a single event. For instance, in an English class of one hour, that is divided into six segments of ten minutes each. It does not matter the number of responses, if the behaviour occurs within the segment of ten minutes, then it has to be recorded as a single event.
Answer:
hey wasup how you doing no ok
Explanation:
The above is referred to Net cash flow. Net cash flow to the difference between an organization's trade inflows and surges out a given period. In the strictest sense, net income alludes to the adjustment in an organization's money adjust as point by point on its income explanation. Cash flow is the cash that comes in and leaves an organization. It is the era of salary and the installment of costs. Money inflows result from either the era of income through the offering of products and enterprises, cash acquired, or cash earned through ventures.
Answer:
Answer to the question :
On January 1, 2018, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $13,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $90,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semi-annually.
Required:
1. Prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2018.
is explained in the attachment.
Explanation:
