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BBB Leasing Purchased a Machine for $250,000 and Leased It

Question 174

Multiple Choice

BBB Leasing purchased a machine for $250,000 and leased it to Jack Tupp Auto Repair on January 1, 2018. BBB Leasing purchased a machine for $250,000 and leased it to Jack Tupp Auto Repair on January 1, 2018. What is the balance in the lease payable account after the April 1, 2018, lease payment? A) $224,381. B) $233,685. C) $232,569. D) $241,185. What is the balance in the lease payable account after the April 1, 2018, lease payment?


A) $224,381.
B) $233,685.
C) $232,569.
D) $241,185.

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