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Exercise 15-18 (Algo) Short-term lease [LO15-5] Chance Enterprises leased equipment from Third Bank Leasing on January 1, 2024. Chance elected the short-term lease option. Appropriate

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Exercise 15-18 (Algo) Short-term lease [LO15-5] Chance Enterprises leased equipment from Third Bank Leasing on January 1, 2024. 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, 2024 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2345 Record the beginning of the lease for Chance. Noter finter debits before credits

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