USE THE FOLLOWING INFORMATION FOR QUESTIONS 7 - 10. Quiz Company entered into a contract to lease office space from Another Company on January 1, 2020. Terms of the operating lease agreement are as follows: Semiannual lease payments of $50,000 are due beginning on January 1, 2020 and every January 1 and July 1 thereafter for 10 years. Another Company's implicit rate in the lease is 8% The entry by Another Company to record the lease on the date of inception would include A debit to right one set for $700.007 No entry is required on the date of inception Acredit to as payable for $654,206 Adesit to receivable for $706697