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Required information [The following information applies to the questions displayed below.] Chunky Cheese Pizza has $61.8 million in bonds payable. The bond agreement states
Required information [The following information applies to the questions displayed below.] Chunky Cheese Pizza has $61.8 million in bonds payable. The bond agreement states that the debt to equity ratio cannot exceed 3.21. Chunky's total assets are $201.8 million, and its liabilities other than the bonds payable are $91.8 million. The company is considering some additional financing through leasing. 3. The company enters a lease agreement requiring lease payments with a present value of $6.8 million. Record the lease. (If no entry is required for a particular transaction/event, select "Ne 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 Record the lease agreement.
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