Business, 24.07.2019 22:20, stevensquad1379

On january 1, 2018, calloway company leased a machine to zone corporation. the lease qualifies as a sales-type lease. calloway paid $310,000 for the machine and is leasing it to zone for $37,000 per year, an amount that will return 12% to calloway. the present value of the lease payments is $310,000. the lease payments are due each january 1, beginning in 2018. what is the appropriate interest entry on december 31, 2018?

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On january 1, 2018, calloway company leased a machine to zone corporation. the lease qualifies as a...