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Chance Enterprises leased equipment from Third Bank Leasing on January 1, 2024. Chance elected the short-term loase option. Appropriate adjusting entries are made annuolly. Required:

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Chance Enterprises leased equipment from Third Bank Leasing on January 1, 2024. Chance elected the short-term loase option. Appropriate adjusting entries are made annuolly. Required: Prepare appropriate entries for Chance from the beginning of the lease through April 1, 2024 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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