Question: please help with both STU made the following journal entry at the end of the first lease year. RENT EXPENSE 1,500 CASH 1,500 STU must

please help with both

STU made the following journal entry at the end of the first lease year. RENT EXPENSE 1,500 CASH 1,500 STU must have a(an) Finance lease Direct financing lease Operating lease Sales-type lease Question 7 2 pts Which of the following situations would not indicate that a lease should be considered a finance lease? The lease contains a bargain purchase option The lease transfers ownership of the leased asset to the lessee at the end of the lease term The lease term is for a major portion of the leased asset's useful life. The lease contains an option for the lessee to renew the lease at market value

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