Question
4-1: Practice Exercises 3 points 1 Amort Schedule General Journal Saved Prepare the appropriate entries for Edison Leasing from the beginning of the lease
4-1: Practice Exercises 3 points 1 Amort Schedule General Journal Saved Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. (Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet eBook No Date General Journal Debit Credit i 1 January 01, 2021 Lease receivable 115,923 101 Hint Equipment 115,923 2 January 01, 2021 Cash Print Lease receivable 15,000 15,000 References o 3 April 01, 2021 Cash 15,000 Interest revenue Lease receivable 4 July 01, 2021 Cash 15,000 Interest revenue Lease receivable 5 October 01, 2021 Cash 15,000 Interest revenue Lease receivable 6 December 31, 2021 Interest receivable Interest revenue 7 January 01, 2022 Cash Interest receivable < Amort Schedule General Journal 15,000 Show less
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