Art obtained a five year sublease and paid $10,000 to the current tenant. The annual cost of the lease is $5,000. The entry to record the lease payment for the first year is:

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The Answer of Art obtained a five year sublease and paid $10,000 to the current tenant. The annual cost of the lease is $5,000. The entry to record the lease payment for the first year is:

Art Obtained a Five Year Sublease and Paid $10,000 to the Current