What amount for the governmental activities accounts will


Immediately after making its annual $10,000 lease payment on June 30, 2009, the last day of its fiscal year, Reebank had an unpaid capital lease obligation of $85,000. The interest rate applicable to the lease is 10 percent. When the $10,000 lease payment due on June 30, 2010 is made, what amount for the governmental activities accounts will include? Show your calculation

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Finance Basics: What amount for the governmental activities accounts will
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