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show steps and solution Lessee Company is required to pay a minimum of $8,000 or 5% of sales every period to the lessor. At the

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Lessee Company is required to pay a minimum of $8,000 or 5% of sales every period to the lessor. At the end of the period actual sales equal $200,000. Ignore present values and the interest component of any payment. What is the journal entry when the Lessee's makes this payment? (Remember the KISS principle: Keep It Simple Students! P.S. The answer is also stated in the textbook.... Points to be determined later

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