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Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi-
Tech manufactured the equipment at a cost of $90,000. There is no expected residual value.
Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December
31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in
the first account field. Round your answers to the nearest whole dollar amounts.) Journal entry
worksheet 1 ivule. LIlei uevils veivie ueuls.
Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi-
Tech manufactured the equipment at a cost of $90,000 There is no expected residual value.
Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December
31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in
the first account field. Round your answers to the nearest whole dollar amounts.)
Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi-
Tech manufactured the equipment at a cost of $90,000. There is no expected residual value.
Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December
31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in
the first account field. Round your answers to the nearest whole dollar amounts.) Journal entry
worksheet 1 ivule. LIlei uevils veivie ueuls.

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Southwestern Edison Company leased equipment from Hi-Tech Leasing.pdf

  • 1. Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi- Tech manufactured the equipment at a cost of $90,000. There is no expected residual value. Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) Journal entry worksheet 1 ivule. LIlei uevils veivie ueuls. Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi- Tech manufactured the equipment at a cost of $90,000 There is no expected residual value. Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) Southwestern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2021. Hi- Tech manufactured the equipment at a cost of $90,000. There is no expected residual value. Required: Prepare appropriate journal entries for Hi-Tech Leasing for 2021. Assume a December 31 year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amounts.) Journal entry worksheet 1 ivule. LIlei uevils veivie ueuls.