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Crystal Corporation makes $2,200 payments every month for leasing office equipment. Crystal recorded a lease payment as follows: Lease payable 1,320 Interest expense 880 Cash
Crystal Corporation makes $2,200 payments every month for leasing office equipment. Crystal recorded a lease payment as follows:
Lease payable | 1,320 | |
Interest expense | 880 | |
Cash | 2,200 |
Amortization expense | 1,320 | |
Right-of-use asset | 1,320 |
Crystal must have a(n):
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