Understanding ST - LT liability entry differences
Summary: We're experiencing most lease reclassification entries as a debit to short term, credit to long term, or vice-versa. But, we have a few leases that will create a four line journal, where there will be a debit/credit between ST liability and liability reclass, and then a debit/credit between LT liability and liability reclass. We're trying to figure our what is causing some to have the four lines and others to provide the two (two is preferred).
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Version (include the version you are using, if applicable): 25C
Code Snippet (add any code snippets that support your topic, if applicable): N/A
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