The first payment of $9,000 becomes due on the capital lease for Pilates equipment. Of the $9,000
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The first payment of $9,000 becomes due on the capital lease for Pilates equipment. Of the $9,000 payment, $8,000 is being applied to principal and $1,000 is being applied to interest. Prepare the one journal entry for the lease payment. (1 point)
What is the classification on the Cash Flow Statement? (1 point)
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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