Chance Enterprises leased equipment from Third Bank Leasing on January 1, 2021. Chance elected the short-term lease option. Appropriate adjusting entries are made annually. Related Information: Lease term 1 year (12 monthly periods) Monthly lease payments $62,000 at Jan. 1, 2021, through Dec. 1, 2021. Economic life of asset 5 years Interest rate charged by the lessor 8% Required: Prepare appropriate entries for Chance from the beginning of the lease through April 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Journal entry worksheet 1 2 3 4 5 Record the beginning of the lease for Chance. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record the lease payment made by Chance. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record the lease payment made by Chance. Note: Enter debits before credits. General Journal Debit Credit Date February 01, 2021 Record the lease payment made by Chance. Note: Enter debits before credits. General Journal Debit Credit Date March 01, 2021 Journal entry worksheet Record the lease payment made by Chance. Note: Enter debits before credits. General Journal Debit Credit Date April 01, 2021