On january 1, 2018, quickstream communications leased telephone equipment from digium, inc. digium’s cash selling price for the equipment is $1,946,047. the lease agreement specifies six annual payments of $460,000 beginning december 31, 2018, and at each december 31 thereafter through 2023. the six-year lease is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase by the higher of (a) the increase in the consumer price index for the preceding year and (b) 3 percent. the cpi at the beginning of the lease is 130. digium routinely leases equipment to other firms. the interest rate in these lease arrangements is 11%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: prepare the appropriate journal entries for quickstream to record the lease at its beginning date of january 1, 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to the nearest whole dollar amount.)

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?