14. Assume the Bold City Brewery leases a copy machine for six months. The agreement was an operating lease that required monthly payments of $275. a. At the inception of the operating lease, record: b. The entry to record the monthly lease payment: 15. Bold City Brewery leases a delivery truck for a five-year period. The lease calls for monthly payments of $1,050. Assume the present value of the lease payments under this capital lease is determined to be $48,000. a. At the inception of the capital lease, record: b. The entry to record the monthly lease payment: 16. Should Bold City record an asset on its balance sheet if it... a. Purchased the asset with cash? b. Purchased the asset with a bank loan? c. Rents the asset on a short-term basis? d. Rents the asset on a long-term basis