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 finance lease, what entry would Benedict Company make on the date of the lease agreement?
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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