The debit is also NOT rent expense

ES Brief Exercise 21A-28 Your answer is partially correct. Try again. Bramble Corporation owns equipment that cost $66,500 and has a useful life of 7 years with no salvage value. On January 1, 2017, Bramble leases the equipment to Havaci Inc. for one year with one rental payment of $14,000 on January 1 Assuming Havaci (lessee) elects to use the short-term lease exception, prepare Havacir's 2017 journal entry. (Credit account titles are automatically indented when amount is entered. De not indent manually.) Account Titles and Explanation Debit Credit ase Liabiity 14,000 cash 14,000 tv Click if you would like to Show Work for this question: Modify Show Work