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Thrillville has $40.5 million in bonds pavable. One of the contractual agreements in the bond...

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Thrillville has $40.5 million in bonds pavable. One of the contractual agreements in the bond is that the debt to equity ra cannot exceed 2.0. Thrillville's total assets are $80.5 million, and its liabilities other than the bonds payable are $10.5 million. The company is considering some additional financing through leasing. Problem 9-3A Part 3 3. The company enters a lease agreement requiring lease payments with a present value of $15.5 million Record the lease. (if entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your in millions (ie., 55,500,000 should be entered as 5.5.).) View transaction list Journal entry worksheet

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