PLEASE answer all parts

7) ( 1 point) A company leases an office building on June 1, 2022. What entry would the company record on June 1, 2022? A) Debit Lease Asset, Credit Lease Payable B) Debit Building, Credit Lease Payable C) Debit Lease Payable, Credit Lease Asset D) Credit Lease Payable, Debit Building 8) (I point) The purpose of closing entries is to transfer: A) Accounts Receivable to Retained Earnings when an account is fully paid. B) Inventory to Cost of Goods Sold when merchandise is sold. C) Balances in temporary accounts (revenues, expenses, and dividends) to a permanent account (retained earnings). D) Assets and liabilities to shareholders of record when the company's operations are discontinued and the business is dissolved