Cinco Corporation leases machinery from Demarcation Corporation for $1,500 per month for 10 months Payments are made on the first day of each month beginning April 1, 2019. The conditions of the lease are such that it is to be accounted for as a short term or operating lease The entry to record the first lease paymenit by Cinco is Muluple Choice 251 1.500 Machine Rent Expense Cosh 1500 1.500 ease Liability Cash 1500 Losed Machinery 1500 1500 1,5001 Lease Liability Cash 1,500 Leased Machinery Cash 1,500 1,500 18,000 Machine Rent Expense Cash Leased Machinery 479 17,521 18.000 Lensed Machinery Lease Liability Cash 1752 479