What is the correct double entry for a lease payment, assuming that the lessee has set up a lease liability and right of use asset at the commencement of the lease Debit Lease liability, Credit Cash Debit Cash, Credit Lease liability Debit Lease expense, Credit Cash Debit Cash, Credit Right of use asset

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Question: What is the correct double entry for a lease payment, assuming that the lessee has set up a lease liability and right of use asset

What is the correct double entry for a lease payment, assuming that the lessee has set up a lease liability and right of use asset at the commencement of the lease.

		Debit - Lease liability, Credit - Cash
		Debit - Cash, Credit - Lease liability
		Debit - Lease expense, Credit - Cash
		Debit - Cash, Credit - Right of use asset

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