Thrillville has $39.1 million in bonds payable. One of the contractual agreements in the bond is that the debt to equity ratio cannot exceed 2.0. Thrillvilles total assets are $79.1 million, and its liabilities other than the bonds payable are $9.1 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 $14.1 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 5.5.).)

Record a lease agreement.