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Accounting

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Required information The following information applies to the questions displayed below) Chunky Cheese Pizza has $60.8 million in bonds payable. The bond indenture states that the debt to equity ratio cannot exceed 3.10. Chunky's total assets are $200.8 million, and its abilities other than the bonds payable are $90.8 million. The company is considering some additional financing through leasing 3. The company enters a lease agreement requiring fease payments with a present value of $5.8 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... $5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record a lease agreement utter before credits

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