Preparing the journal entries required by coleman inc, Accounting Basics

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Preparing the journal entries required by coleman inc

Question:

prepare the journal entries required by Coleman Inc. on January 1, 2014, assuming that

(a) Task does not guarantee the residual value and

(b) Task does guarantee it. Coleman paid $500,000 to acquire the office equipment several weeks prior to the leasing transaction.

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Accounting Basics: Preparing the journal entries required by coleman inc

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Accounting Basics: Preparing the journal entries required by coleman inc

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