Juicyfruit, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the

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Juicyfruit, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the lease payments is $20,859. Prepare the journal entry that Juicyfruit records at the inception of this capital lease.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:39 AM

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Juicyfruit, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the

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