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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. Required:

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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. 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.) Journal entry worksheet 34 Record the beginning of the lease for Chance. Journal entry worksheet 5 Record the lease payment made by Chance. Note: Enter debits before credits. Journal entry worksheet Record the lease payment made by Chance. Note: Enter debits before credits. Journal entry worksheet 1 Record the lease payment made by Chance. Note: Enter debits before credits. Journal entry worksheet 1 Record the lease payment made by Chance. Note: Enter debits before credits

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