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Algoma, Inc., signs a five-year lense for office equipment with Office Solutions. The present value of the lease payments is $12.580 Prepare the journal entry

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Algoma, Inc., signs a five-year lense for office equipment with Office Solutions. The present value of the lease payments is $12.580 Prepare the journal entry that Algoma records at the inception of this finance lease. View transaction list Journal entry worksheet

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