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 Monthly lease payments Economic life of asset Interest rate charged by the lessor 1 year (12 monthly periods) $80,eea at Jan. 1, 2021, through Dec. 1, 2021. 5 years 10% 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 Record the lease payment made by Chance. Note: Enter debits before credits. Date General Journal Debit Credit February 01, 2021 Journal entry worksheet Record the lease payment made by Chance. Note: Enter debits before credits. Date General Journal Debit Credit April 01, 2021