I noticed that too. At 18:44, month 1, Credit A/P $500, Debit Lease Liability $430 and Debit Interest Expense $70. Debit Amortization Expense $467, Credit ROU Accu. Amortization $463. This one is off by $4. How did you calculate interest expense and amortization expense?
I noticed that too. At 18:44, month 1, Credit A/P $500, Debit Lease Liability $430 and Debit Interest Expense $70. Debit Amortization Expense $467, Credit ROU Accu. Amortization $463. This one is off by $4. How did you calculate interest expense and amortization expense?
Why are both months 1 and 2 journal entries out by $4?