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right - of - use lease. Mackenzie negotiated a lease agreement for approximately 2 , 0 0 0 square feet of retail space at $
rightofuse lease. Mackenzie negotiated a lease agreement for approximately square feet of retail space at $ monthly. The contract was written for six years, with an option to renew for five more years. The landlord agreed to give the girls two months of free rent on the front end of the lease to help the new business survive the critical startup period. What would the journal entries be for this lease starting on the date of signing March until December of that first year?
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