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Date Account Titles and Explanation Debit Credit 1/1/20 1/1/20 12/31/20 12/31/20 (To record the lease) (To record the first lease payment) (To record interest
Date Account Titles and Explanation Debit Credit 1/1/20 1/1/20 12/31/20 12/31/20 (To record the lease) (To record the first lease payment) (To record interest expense) (To record amortization of the right-of-use asset)
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