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Show appropriate journal entries amounts that would apper

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Reference no: EM132892301

Question 1: A corporation agrees to a lease. It will capitalize this lease onto its Balance Sheet. The lease requires $150,000/year, payments at beginning of each year. Lease is for 7 years. Interest rate is 3.0%. Show the appropriate journal entries amounts that would appear on the Balance Sheet.

Reference no: EM132892301

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