Question: What account should be debited for $150,000 in the general fund at inception of the lease if the equipment is a general fixed asset and

What account should be debited for $150,000 in the general fund at inception of the lease if the equipment is a general fixed asset and Rock does not use a capital projects fund?

a. Other Financing Uses Control.

b. Equipment.

c. Expenditures Control.

d. Memorandum entry only.

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