"1-29-2010 - EXERCISE 21-6 (a) $38,514 x 5.7122* =...

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Unformatted text preview: EXERCISE 21-6 (a) $38,514 x 5.7122* = $220,000 *Present value of an annuity due of 1 for 8 periods at 11%. (b) 1/1/11.................................. Lease Receivable 220,000 .................................Cost of Goods Sold 170,000 ................................................................ Sales 220,000 ................................................................ Inventory 170,000 1/1/11.......................................................Cash 38,514 ................................................................ Lease Receivable 38,514 1 EXERCISE 21-12 (a) Entries for Secada are as follows: 1/1/11................................................ Building 3,600,000 ................................................. Cash 3,600,000 12/31/11................................................ Cash 220,000 .............................................................. Rental Revenue 220,000 ..........................Depreciation Expense 72,000 .............................................................. Accumulated Depreciation .............................................................. ....
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This note was uploaded on 04/09/2011 for the course MGMT 351 taught by Professor Staff during the Winter '08 term at Purdue University-West Lafayette.

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"1-29-2010 - EXERCISE 21-6 (a) $38,514 x 5.7122* =...

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