On January 1, 2016, Denise Company signed a lease agreement requiring ten annual payments of $14,000, beginning December 31, 2016. The agreement was classified as a capital lease. When reviewing Denise's accounting records, which of the following journal entries would not be expected?

a. Leased Equipment 105,210

Capital Lease Obligation 105,210

b. Interest Expense 7,365

Obligation Under Capital Leases 6,635

Cash 14,000

c. Depreciation Expense: Leased Equipment 10,521

Accumulated Depreciation:

Leased Equipment 10,521

d. Rent Expense 14,000

Cash 14,000