What will my initial journal entry look like?

This document will reviews what is required to transition to the new lease standard and shows sample journal entries

Included:

• Steps to implement the new lease accounting standard
  • Practical Expedients
  • Lease Liability
  • Right of Use (ROU) Asset
  • Book It!
  • Is Equity Affected? 
• Sample Journal Entries
  • Office Space Operating Lease
  • Equipment Finance Lease

Click here: Transitioning to the New Lease Standard with Sample Journal Entries