Project #4113 - Accounting

<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]> <![endif]--><!--[if gte mso 10]> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} <![endif]--> On January 1, 2008, Humpty leased equipment to Dumpty for $100,000 a year for eight years, with the first payment being made on January 1, 2008. The equipment cost Humpty $500,000 to manufacture. If Humpty requires a 10 percent return on this lease, in its initial entry how much is a) Lease receivable b) Cost of goods sold c) Unearned interest d) Sales       SS Show computations.

Subject Mathematics
Due By (Pacific Time) 04/08/2013 09:12 pm
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