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Required information [The following information applies to the questions displayed below] Thrilville has $39.4 million in bonds payable. One of the contractual agreements in the
Required information [The following information applies to the questions displayed below] Thrilville has $39.4 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 20 . Thriliville's total assets are $79.4 milion, and its liablities other than the bonds payable are $9.4 miltion. The company is considering some additionat financing through leasing The company enters a lease agreement requiring lease payments with a present value of $14.4 million. Record the lease. (if no intry is required for o porticulor tronsoction/event, select "No Journal Entry Required" in the first occount field. Enter your answer m militions fi.e., $5,500,000 should be entered os 5.5) rounded to 1 decimbl ploce.) Journal entry worksheet The company enters a lease agreement requiring lease paymentis with a present value of $14,4 million. Record the lease. Nutei Enter debis before oredis
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