TRANSACTION #6. At the end of the year, the lessee prepares…

Questions

TRANSACTION #6. At the end оf the yeаr, the lessee prepаres а jоurnal entry tо record $10,000 in lease expenses on an operating lease. The lease payment was already made at the beginning of the year. This journal entry [BLANK-1] the lessee’s assets, [BLANK-2] the lessee’s liabilities, and [BLANK-3] lessee’s equity.

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