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On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased asset, and related obligation at $50,000.The annual interest rate

On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased asset, and related obligation at $50,000.The annual interest rate implicit in the lease was 6%, and the first lease payment of $2,000 is due at the end of each month of the lease.Use this information to prepare the General Journal entry for the August 31, 2016 monthly lease payment.

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