Ch 9 Q 8-9

The company enters a lease agreement requiring lease iyments with a present value of $5.2 million. Record the ase. (If no entry is required for a particular Insaction/event, select "No Journal Entry Required" in the st account field. Enter your answer in millions (i.e., ;,500,000 should be entered as 5.5 ) rounded to 1 decimal ace.) Journal entry worksheet Record the lease agreement. Note: Enter debits before credits. below. The company enters a lease agreement requiring lease payments with a present value of $5.2 million. Will entering into the lease cause the debt to equity ratio to be in violation of the bond agreement? The company enters a lease agreement requiring lease payments with a present value of $5.2 million. Determine your answer by calculating the debt to equity ratio after recording the lease. (Enter your answer in millions (i.e., $5,000,000 should be entered as 5.5). Round ratio answer to 1 decimal place.)