The journal entry to record payments made on a capital lease would include a:
A)debit to Rent Expense
B)credit to the asset leased
C)debit to Interest Expense
D)credit to Lease Payment Obligation

Question

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The Answer of The journal entry to record payments made on a capital lease would include a:
A)debit to Rent Expense
B)credit to the asset leased
C)debit to Interest Expense
D)credit to Lease Payment Obligation

The Journal Entry to Record Payments Made on a Capital