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Algoma Incorporated signs a five year lease for office equipment with Office Solutions. The present value of the lease payments is $15.499. Prepare the joumal

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Algoma Incorporated signs a five year lease for office equipment with Office Solutions. The present value of the lease payments is $15.499. Prepare the joumal entry that Algoma records at the inception of this finance lease. Journal entry worksheet Record right-of-use lease asset of $15,499. Note: Enter debits before credits

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