Sale – Leaseback Journal Entries – Operating vs Capital lease

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    Topic
  • September 15, 2013 at 8:57 pm #180517
    mjp44
    Member

    Can someone please clarify the journal entries for Sale and Leaseback lease for operating lease vs capital lease? I am somewhat confused because I know that a capital lease hits the balance sheet therefore where does the revenue entry come into play?

    FAR- PASSED (11/13)
    REG- PASSED (2/14)
    BEC- PASSED (5/14)
    AUD- PASSED (8/14)

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