$[$The following information applies to the questions displayed below.$]$

Thrillville has $$39$ million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed $2\mathrm{.}0.$ Thrillville's total assets are $$79$ million, and its liabilities other than the bonds payable are $$9$ 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 $$14\mathrm{.}0$ million. Record the lease. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Enter your answer in millions $($i$.$e$.,$ $$5,500,000$ should be entered as $5\mathrm{.}5)$ rounded to $1$ decimal place.$)$

Journal entry worksheet

$1$

The company enters a lease agreement requiring lease payments with a present value of $$14\mathrm{.}0$ million. Record the lease.