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James Matthews Limited, a bottle manufacturer, signed an agreement to lease an administration building from Got No Money Limited on June 15, 2026 The lease

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James Matthews Limited, a bottle manufacturer, signed an agreement to lease an administration building from Got No Money Limited on June 15, 2026 The lease agreement was for 18-months. The lessee paid the lessor in cash. The value of the agreement was $1,500,000 Required: On June 15, 2026 James Matthews Limited recorded the transaction by: Select one: a. Debit: Lease Revenue - $1,500,000; Credit: Cash - $1,500,000 b. Debit: Cash - $1,500,000; Credit: Lease Revenue - $1,500,000 c. Debit: Lease Expense - $1,500,000; Credit: Cash - $1,500,000 d. Debit: Cash - $1,500,000; Credit: Lease Expense - $1,500,000

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