ye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024. Insight Machines...
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ye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2024. Insight Machines manufactured the quipment at a cost of $320.000 and lists a cash selling price of $437,424. Appropriate adjusting entries are made quarterly. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. EVA of \$1. PVA of S1. FVAD of S1 and PVAD of SI) Required: 1. Prepare oppropriate entnes for Eye Deal to record the arrangement at its beginning. January 1, 2024, and on March 31, 2024 2. Prepare appropriate entries for Insight Machines to record the arrangement at its beginning. January 1, 2024, and on March 31 , 2024
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