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Other Fields Homework Help Accounting Topic started by: peep232 on Aug 31, 2018



Title: LMN made the following journal entry relating to a finance lease:
Post by: peep232 on Aug 31, 2018
LMN made the following journal entry relating to a finance lease:
Cash......................... .. XXXX
Lease receivable.............. XXXX
Interest revenue.............. XXXX
Therefore, LMN must be the:
A) third party guarantor.
B) lessee.
C) lessor.
D) either the lessee or lessor.


Title: LMN made the following journal entry relating to a finance lease:
Post by: Fleury on Aug 31, 2018
C


Title: LMN made the following journal entry relating to a finance lease:
Post by: peep232 on Aug 31, 2018
Thanks for your help!