Algoma, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the

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Algoma, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the lease payments is $15,499. Prepare the journal entry that Algoma records at the inception of this capital lease.

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Financial Accounting Information For Decisions

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Authors: John J. Wild

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Algoma, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the

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Financial Accounting Information For Decisions

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