Benedict Company entered into an agreement to lease 12 computers from Haley Electronics, Inc. The present value

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Benedict Company entered into an agreement to lease 12 computers from Haley Electronics, Inc. The present value of the lease payments is $186,300. Assuming that this is a capital lease, what entry would Benedict Company make on the date of the lease agreement?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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