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Recording Sales-Type Lease Journal Entries-No Residual Value Record Franklin's journal entries at the commencement of the sales-type lease for the (1) lease receivable and (2)

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Recording Sales-Type Lease Journal Entries-No Residual Value Record Franklin's journal entries at the commencement of the sales-type lease for the (1) lease receivable and (2) receipt of the first payment. - Note: Round your answers to the nearest whole dollar

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