Prepare general journal entry to record the first lease

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Reference no: EM13137231

On January 1, 2009, the Plimpton Corporation leased some equipment on a 2-year lease, paying $15,000 per year each December 31. The lease is considered to be an operating lease. Prepare the general journal entry to record the first lease payment on December 31, 2009.

Reference no: EM13137231

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