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On January 1, 2019, AXY Corporation signed lease for a machine. The annual payments of OR 9968 at the ending of each year. AXY incremental

On January 1, 2019, AXY Corporation signed lease for a machine. The annual payments of OR 9968 at the ending of each year. AXY incremental borrowing rate is 10%, and the Lessor's implicit rate is unknown. On the journal entry, with first annual payment in book of the lessee. The debit side is: Select one: a. Lease Liability and interest payable b. The correct answer not available c. Lease Liability Od. Lease receivable and interest payable e. Lease Liability and interest expenses

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