To raise operating funds, signal aviation sold an airplane on january 1, 2018, to a finance company for $770,000. signal immediately leased the plane back for a 13-year period, at which time ownership of the airplane will transfer to signal. the airplane has a fair value of $800,000. its cost and its book value were $600,000. its useful life is estimated to be 15 years. the lease requires signal to make payments of $102,771 to the finance company each january 1. signal depreciates assets on a straight-line basis. the lease has an implicit rate of 11%. required: 1. & 2. prepare the appropriate entries for signal on january 1, 2018 and december 31, 2018, to record the transaction and necessary adjustments. (round your intermediate and final answers to the nearest whole dollar amount. if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

answer; interviews;

answer; strategic planning;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.