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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

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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 ter 1 year (12 monthly periods) Monthly lease payments $76,000 at Jan 1, 2021, through Dec. 1, 2021 Economie life of asset 5 years Interest rate charged by the lesson 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 at Journal entry worksheet 2 > Record the beginning of the lease for Chance Nener det bare credits Dato General Journal Debit Credit Lant

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