natimike10
09.09.2020 •
Business
StarGaze Company leased a truck for three months. Accounting guidance classifies the lease as an operating lease. StarGaze makes lease payments of $800 at the end of each month. Required: 1. What journal entry will StarGaze enter upon signing the lease and making its first cash payment of $800 cash to the leasing company? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Solved
Show answers
More tips
- F Food and Cooking Why Doesn t the Confirmation Link Come to Email?...
- L Leisure and Entertainment What Movies You Should Watch: A Guideline to Make the Right Decision...
- F Family and Home How to Choose a Baby Stroller: Tips from Experienced Parents...
- H Health and Medicine 5 Simple Steps to Quit Smoking for Good...
- H Health and Medicine Coughing: Causes, Types, and Treatment Methods...
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
Answers on questions: Business
- B Business 4.A California firm is planning to use a lockbox system to speed up collections from its customers located on the East Coast. A Philadelphia-area bank will provide...
- B Business On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022. Record the...
- B Business Dobles Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cost Expected Activity Assembly $962,280...
- B Business Suppose that the average income of a typical person in the richest 20% of citizens of Japan is $130,000. What is the average income of a person who is among the poorest...
- B Business Case 5-5 Tax Inversion (a GVV case) Jamie Keller was pleased with his new job position as director of international consolidation for Gamma Enterprises. Gamma Enterprises...
- P Physics Which example best matches the term refraction? (17 Points) O A. Light spreads out after it travels through a keyhole O B. A straw in a glass of water looks bentO...
- E English What is the CORRECT answer to this?...
- M Mathematics A pool measuring 10 by 20 feet will have a cement walkway around it. The area covered by the pool and the cement walkway is 600 square feet. If the walkway must have...
- M Mathematics Halp me please im dum...
- S Social Studies Write a theses statement...
Ответ:
1. Journal entry upon signing Lease;
No entry required. This is an operating lease so the only reflected transaction would be the payment of the lease at the end of each month.
2. Entry upon making first payment.
End of month 1
DR Lease Rental expense $800
CR Cash$800
(To record payment of lease expense)
Ответ:
Jika manajer tidak tahu konsep biaya itu bisa menyebabkan perusahaan bangkrut
Explanation: