A business signs a capital lease for the use of a building. with the first lease payment

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A business signs a capital lease for the use of a building. with the first lease payment due immediately. What accounts are debited and credited to begin the lease term?

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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