![subject](/tpl/images/cats/ekonomika.png)
Business, 21.05.2021 01:40 chrisraptorofficial
The City of Leonard decides to lease school desks for its school system rather than buy them because the lessor will do all scheduled maintenance. On January 1, 2020, the school system leases 5,000 school desks for four years. After that, they will be returned to the manufacturer. Payment will be $20 per desk per year with payments on January 1, beginning on January 1, 2020. The city does not know how the lessor determined the annual charge. The city has an annual incremental borrowing rate of 8 percent. The present value of an annuity due of $1 at an 8 percent annual rate for four periods is 3.5771.
Required:
a. Make the journal entries for the City of Leonard for 2020 and 2021 in preparing government-wide financial statements.
b. Make the journal entries for the City of Leonard for 2020 and 2021 in preparing fund financial statements for its governmental funds.
![ansver](/tpl/images/cats/User.png)
Answers: 3
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:10
Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 22:00
Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 23:50
The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 00:00
How did the change in textile production affect employment in spinning and weaving for adults and children?
Answers: 1
You know the right answer?
The City of Leonard decides to lease school desks for its school system rather than buy them because...
Questions
![question](/tpl/images/cats/en.png)
English, 31.05.2021 22:50
![question](/tpl/images/cats/himiya.png)
Chemistry, 31.05.2021 22:50
![question](/tpl/images/cats/himiya.png)
Chemistry, 31.05.2021 22:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 31.05.2021 22:50
![question](/tpl/images/cats/en.png)
English, 31.05.2021 22:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 31.05.2021 22:50
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 31.05.2021 22:50
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 31.05.2021 22:50
![question](/tpl/images/cats/himiya.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 31.05.2021 23:00
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 31.05.2021 23:00