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Pleas answer all the entry parts:$5$

Ch $15.5$

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$1$ Record the beginning of the lease for Chance.

$2$ Record the lease payment made by Chance.

$3$ Record the lease payment made by Chance.

$4$ Record the lease payment made by Chance.

$5$ Record the lease payment made by Chance.

Note : $=$ journal entry has been entered

Chance Enterprises leased equipment from Third Bank Leasing on January $1,2024.$ Chance elected the short$-$term lease option. Appropriate adjusting entries are made annually.

Required:

Prepare appropriate entries for Chance from the beginning of the lease through April $1,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$1$ Record the beginning of the lease for Chance.

$2$ Record the lease payment made by Chance.

$3$ Record the lease payment made by Chance.

$4$ Record the lease payment made by Chance.

$5$ Record the lease payment made by Chance.

Note : $=$ journal entry has been entered

Chance Enterprises leased equipment from Third Bank Leasing on January $1,2024.$ Chance elected the short$-$term lease option. Appropriate adjusting entries are made annually.

Required:

Prepare appropriate entries for Chance from the beginning of the lease through April $1,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

Record the beginning of the lease for Chance.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2024,,,],[,.,,],[,,,],[,,,],[,,,],[,,,]]$

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