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A company leases a retail space under a 5 - year operating lease. The annual lease payment is $ 6 0 , 0 0 0
A company leases a retail space under a year operating lease. The annual lease payment is $ due at the beginning of each year. The company also makes an initial security deposit of $ which is refundable at the end of the lease. Prepare the initial journal entries to record the lease commencement and the first lease payment.
A company leases a retail space under a year operating lease. The annual lease payment is $ due at the beginning of each year. The company also makes an initial security deposit of $ which is refundable at the end of the lease. Prepare the initial journal entries to record the lease commencement and the first lease payment.
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