Lessor TransactionForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Lessor TransactionThis topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 22, 2022 at 8:15 am #651610 smaccservices@outlook.comMemberTopics: 3Replies: 0☆Hi,I am not sure the about following lease transactions. Could some one please help?A customer signed a $1,200 lease contracts to be paid monthly and the lease term is 12 months. What are the Journal Entries?Also customer decided not to pay (default) on month 2 March 22, 2022 at 8:58 am #651612 Stephen WidbergKeymasterTopics: 15Replies: 3393☆☆☆☆☆Dr Receivable 1200 Cr Rental income 1200Then regular double entry for a bad debtDr P&L Cr ReceivableThis is more of a Financial Accounting than SBR questionAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In