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QS 10-17C Recording operating leases LO C3 Jin Li, an employee of ETrain.com, leases a car at OHare airport for a three-day business trip. The

QS 10-17C Recording operating leases LO C3

Jin Li, an employee of ETrain.com, leases a car at OHare airport for a three-day business trip. The rental cost is $496. Prepare the entry by ETrain.com to record Jin Lis short-term car lease cost.

Journal Entry

Record the short-term car lease cost of $496.

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