The Journal Entry for Recording an Operating Lease Payment Would

question 120

Multiple Choice

The journal entry for recording an operating lease payment would

• A) be a memo entry only
• B) debit the fixed asset and credit Cash
• C) debit an expense and credit Cash
• D) debit a liability and credit Cash

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Definitions:

Align Center

A formatting option in text editors and word processing software that centers text horizontally on a page or within a text box.

Shape Style

Formatting options in graphic design and document editing software that allow customization of shapes’ visual appearance.

Shape Height

A property in graphical software that specifies the vertical dimension of a shape or object.

Shape Width

A property of graphical objects in computing that refers to the extent or measurement of an object's side-to-side dimension.