Michael Enterprises leased a machine on June 1, 2012, under a 10-year lease. The economic life of the machine is estimated to be 12 years. Title to the machine passes to Michael Enterprises at the expiration of the lease, and thus, the lease is a capital lease. The lease payments are $100,000 per year, including executory costs of $4,000 per year, all payable in advance annually. The incremental borrowing rate of the company is 10%, and the lessor’s implicit interest rate is unknown. Michael Enterprises uses the straight-line method of amortization and the calendar year for reporting purposes. 

Instructions: 

A. Give all entries on the books of the lessee relating to the lease for 2012. 

Hello, I am looking for someone to write an article on Trinity Church, Boston. It needs to be at least 1500 words. The construction of the church was ordered by Rector Phillips Brooks who was in charge of the parish. The original church burned down in the Great Boston Fire of 1872, which prompted Brooks to seek a designer for a brand new church. He is the one who influenced the commissioning of Richardson, an emerging reputable architect at the time. Richardson himself was not widely known before this particular project that was to change his reputation forever, for the better. The building came up at a time when the neo-classical architecture had emerged strongly in the post Baroque era. The Baroque era traced back to the Council of Trent of 1545 emerged out of a counter reformation in the Catholic Church against the Protestant movement at the time. It coincided with the emergence of wealth and power in the Catholic Church and colonial Europe. It was therefore an expression of the pride, opulence and power of the state and church of the era. It replaced the classical era, which insisted on functional forms and simple order of symmetry in structures. The Baroque era tended to achieve structural unity in its own seemingly asymmetrical way. In addition, it emphasized structure that appealed deeply to the emotions. something that classical architecture had frowned at.Subsequently, the emergence of the neo-classical era was therefore a kind of restoration of the old classical forms with the requisite improvisations adopted from other forms, including Baroque. The movement came out strongly in the mid to late 18th century.