Final answer:
The Lease Receivable account includes the guaranteed residual value and bargain purchase option but does not include the unguaranteed residual value, which is not assured.
Step-by-step explanation:
In lease accounting, the Lease Receivable account is used to record the present value of all lease payments that are expected to be received during the term of the lease. This includes the guaranteed residual value, as it represents the minimum amount the lessor expects to derive from the asset at the end of the lease term, which forms part of the lease payments.
However, an unguaranteed residual value would not be included in the Lease Receivable because it represents a potential additional return that is not assured. Finally, if there is a bargain purchase option that the lessee is reasonably certain to exercise, this also is included since it's considered part of the lease payments.
Therefore, the item that would not be included in the Lease Receivable account is the unguaranteed residual value.