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Assignment Saved Algoma, Inc., signs a five year lease for office equipment with Office Solutions. The present value of the lease payments is $15.499. Prepare
Assignment Saved Algoma, Inc., signs a five year lease for office equipment with Office Solutions. The present value of the lease payments is $15.499. Prepare the journal entry that Algoma records at the inception of this finance lease. View transaction list Journal entry worksheet KA Record right-of-use lease asset of $15,499. Note: Enter debits before credits Transaction General Journal Debit Credit rences Record entry Clear entry View general journal
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