USA Recording Capital Lease

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Kali Anthony

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This is my first capital lease to record on the books. I've written up the journal entry, but I don't believe it is right. The Capital Lease is for $185,972.68, of that $57,600 is a capital hardware piece, & the remaining $128,372.68 is for a 36 month support. What I'm unsure of is how to book the 36 month support. My JE currently has it in Prepaids...but I haven't prepaid for it...so I'm not sure what G/L account that should go to.

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