StarGaze Company leased a truck for three months Accounting guidance StarGaze Company leased a truck

StarGaze Company leased a truck for three months Accounting guidance StarGaze Company leased a truck

StarGaze Company leased a truck for three months Accounting guidance
StarGaze Company leased a truck for three months. Accounting guidance classifies the lease as an operating lease. StarGaze makes lease payments of $800 at the end of each month. What journal entry will StarGaze enter upon signing the lease? What journal entry will StarGaze enter when it makes its first lease payment of $800 cash to the leasing company?

StarGaze Company leased a truck for three months Accounting guidance

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