The journal entry for recording payment for the short-term lease of a fixed asset would a. be a memo entry only b. debit a liability and credit Cash c. debit the fixed asset and credit Cash d. debit Rent Expense and credit Cash

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06-12-2022
Business

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The journal entry for recording payment for the short-term lease of a fixed asset would a. be a memo entry only b. debit a liability and credit Cash c. debit the fixed asset and credit Cash d. debit Rent Expense and credit Cash

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