Entries for Capital Leases

question 112

Essay

entries for capital leases
List the journal entries for a Capital lease for the lessee and lessor.

---

Definitions:

Mutable

Capable of being changed or modified, often used in contrast to immutable objects which cannot be altered after their creation.

Left Justified

Text or content that is aligned with the left margin or edge, leaving a ragged right margin.

Format Specifier

A sequence of characters in a string that specifies how to format data in functions such as printf in C/C++.

Flag

A variable or value used as a signaling device to control the flow of a program or indicate the status of an operation.