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On April 1, 2024, American Village Incorporated signs a five-year lease to use office space. The present value of the monthly lease payments is $175,000.

image text in transcribed On April 1, 2024, American Village Incorporated signs a five-year lease to use office space. The present value of the monthly lease payments is $175,000. Record the lease. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits betore credits

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