When preparing the journal entries for an operating les, which of the following is NOT TRUE? If all of these answers are rue, select "All of the answers above are true". The lessee will reduce the Lease Liability account as lease payments are made. The lessor will recognize depreciation on equipment leased to others. The lessor will reclassify equipment leased to the lessee in an Equipment Leased to Others account. The lessee will debit the Right-to-Use Asset account for the present yalue of the future lease payments. All of the answers above are true