! Required information Problem 9-4A (Algo) Explore the impact of leases on the debt to equity ratio (LO9-3, 9-8) [The following information applies to the questions displayed below.] Thrillville has $39.7 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillville's total assets are $79.7 million, and its liabilities other than the bonds payable are $9.7 million. The company is considering some additional financing through leasing. Problem 9-4A (Algo) Part 3 3. The company enters a lease agreement requiring lease payments with a present value of $14.7 million. Record the lease. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5) rounded to 1 decimal place.) View transaction list Journal entry worksheet 1 The company enters a lease agreement requiring lease payments with a present value of $14.7 million. Record the lease. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal