The Journal Entry for recording the acquisition (issuance) of an Operating Lease by the Lessee is: 2. Debit $ XXX Credit. (a) Leased Asset Leased Liability $ XXX (b) Leased Liability $ XXX Leased Asset $ XXX (c) Rent Expense $ XXX S XXX Cash S XXX (d) Leased Liability Cash $ XXX 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: 3. Callable. Convertible. (a) (b) (c) (d) Term. Serial