(L02) Use the information for Rick Kleckner Corporation from BE21-3. Assume that at December 31, 2017, Kleckner...
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(L02) Use the information for Rick Kleckner Corporation from BE21-3. Assume that at December 31, 2017, Kleckner made an adjusting entry to accrue interest expense of $29,530 on the lease. Prepare Kleckner’s January 1, 2018, journal entry to record the second lease payment of $53,920.
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