E21 c-d - 150,000 Cost of Goods Sold. 114,654 Sales....

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E21-7 C) 1/1/07 Leased Equipment under Capital Leases……………………………. . 141,846 Lease Liability…………………. . 141,846 Lease Liability……………………………. 30,804 Cash………………………………. 30,804 12/31/07 Depreciation Expense…………………. .. 23,641 Accumulated Depreciation………. . 23,641 Interest Expense………………………. .. 13,325 Interest Payable…………………… 13,325 D) 1/1/07 Lease Receivable…………………………
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Unformatted text preview: 150,000 Cost of Goods Sold. 114,654 Sales. 144,654 Inventory. 120,000 Cash. 30,804 Lease Receivable. 30,804 12/31/07 Interest Receivable. . 13,112 Interest Revenue. . 13,112...
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