On January 1, 2014, WXY signed an operating lease agreement, which required $5,800 annual rentals to be paid at the end of each year.The accounting period ends December 31.At the end of 2014, WXY (lessee)should make the following entry:
A)Please see the following table:
B)Please see the following table:
C)Please see the following table:
D)Please see the following table:

Question

On January 1, 2014, WXY signed an operating lease agreement, which required $5,800 annual rentals to be paid at the end of each year.The accounting period ends December 31.At the end of 2014, WXY (lessee)should make the following entry:
A)Please see the following table: 
B)Please see the following table: 
C)Please see the following table: 
D)Please see the following table:

Quizplus · Accepted Answer

The Answer of On January 1, 2014, WXY signed an operating lease agreement, which required $5,800 annual rentals to be paid at the end of each year.The accounting period ends December 31.At the end of 2014, WXY (lessee)should make the following entry:
A)Please see the following table: 
B)Please see the following table: 
C)Please see the following table: 
D)Please see the following table:

On January 1, 2014, WXY Signed an Operating Lease Agreement