How does one record a capital lease entry in the accounting records of the lessee? a. Debit an asset account and credit Sales for the present value of the future lease payments. b. Debit Cash and credit Rental Revenue each time a lease payment is received. c. Debit Rent Expense and credit Cash each time a lease payment is made. d. Debit an asset account and credit a liability account for the present value of the future lease payments.