The Journal Entry for recording the acquisition (issuance) of an Operating Lease by the Lessee is: Debit $ XXX Credit (a) Leased Asset Leased Liability $ XXX (b) $ XXX Leased Liability Leased Asset $ XXX $ XXX (c) Rent Expense Cash $ XXX $ XXX (d) Leased Liability Cash $ XXX 3. The provision in a Bonds Contract that allows for the holder (buyer) of the Bonds to exchange the Bonds for Common Stock in the issuing corporation at a predetermined exchange ratio of Bonds and Common Stock is known as: (a) Callable. Convertible. Term. Serial