Question: Aztecs Corporation makes $ 2 , 7 0 0 payments every month for leasing office equipment. Aztecs recorded a lease payment as follows: dr .

Aztecs Corporation makes $2,700 payments every month for leasing office equipment. Aztecs recorded a lease payment as follows:
dr. Lease payable
1,620
dr. Interest expense
1,080
cr. Cash
2,700
dr. Amortization expense
1,620
cr. Right-of-use asset
1,620
Aztecs must have a(n):
q,
Leveraged lease.
None of the options listed
Operating lease.
Finance lease.
Sales-type lease without selling profit.
Aztecs Corporation makes $ 2 , 7 0 0 payments

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