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