On January 1, 2016, Holbrook Company leased a building under a three year operating lease The annual rental payments are $40,000 on January 1, 2016 $30,000 on January 1, 2017 and $20,000 on January 1, 2018 23 On January 1, 2016, Holbrook Company leased a building under a three year operating lease The annual rental payments are $40,000 on January 1, 2016 $30,000 on January 1 , 2017 and $20,000 on January 1, 2018 Required Prepare the appropriate journal entries for Holbrook Company from the inception of the lease through the end of 2018 23 On January 1, 2016, Holbrook Company leased a building under a three year operating lease The annual rental payments are $40,000 on January 1, 2016 $30,000 on January 1 , 2017 and $20,000 on January 1, 2018 Required Prepare the appropriate journal entries for Holbrook Company from the inception of the lease through the end of 2018

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On January 1, 2016, Holbrook Company leased a building under a three year operating lease  The annual rental payments are $40,000 on January 1, 2016  $30,000 on January 1, 2017  and $20,000 on January 1, 2018  23  On January 1, 2016, Holbrook Company leased a building under a three year operating lease  The annual rental payments are $40,000 on January 1, 2016  $30,000 on January 1 , 2017  and $20,000 on January 1, 2018  Required  Prepare the appropriate journal entries for Holbrook Company from the inception of the lease through the end of 2018  23  On January 1, 2016, Holbrook Company leased a building under a three year operating lease  The annual rental payments are $40,000 on January 1, 2016  $30,000 on January 1 , 2017  and $20,000 on January 1, 2018  Required  Prepare the appropriate journal entries for Holbrook Company from the inception of the lease through the end of 2018

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On January 1, 2016, Holbrook Company leased a building under a three-year operating lease. The annual rental payments are $40,000 on January 1, 2016; $30,000

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