A capital/Type A lease is recorded in the accounting records of the lessee (renter) with an entry that: Select one: a. Increases Rent Expense and decreases Cash each time a lease payment is made. b. Increases Cash and increases Rental Revenue each time a lease payment is received. c. Creates an asset account, Lease Equipment, and establishes a liability account, Lease Payment Obligation, for the present value of the future lease payments. d. Creates an asset account, Lease Equipment, and recognizes Sales Revenue for the present value of the future lease payments