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f ) On January 1 , 2 0 2 2 , Fall Company leased some equipment for $ 2 5 0 , 0 0 0
f On January Fall Company leased some equipment for $ They made the first of five payments of $ on that day. The bookkeeper incorrectly recorded the transaction as follows on January :
Lease expense $
Cash $
g Accrue annual interest expense on the lease in f at
h Amortize the lease in f over five years.Fall Corporation's capital structure consists of authorized shares of common stock, of which
have been issued and are still outstanding. At December an analysis of the accounts and discussions
with company officials revealed the following information:
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