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5 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from international Machines at a cost of

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5 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from international Machines at a cost of $124.782. V of $1. PV of S1. EVA of S1. PVA [51. FVAD of S1 and PVAD of 5.1 (Use appropriate factor(s) from the tables provided.) 2 sont Related Information Lease tern 2 years (8 quarterly periods Quarterly rental payments 516,700 at the beginning of each period Economic life of asset 2 years Fair value of asset $124,782 Tepliest interest rate IN (Also lessee's incremental borrowing rate) Hint Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31 Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a les amortization schedule for Edison Leasing from the beginning of the case through January 1, 2022, Edison fiscal year ends December 31 (lound your intermediate and final answers to the nearest Whole dolar Enter all amounts as Dove values.) Lease Payments Effective Interest Decrease in Balance Las llance Payment Det 01/01/2021 01/01/2021 04/01/2021 07012021 1001/2021 01/01/2022 04.01.2022 07.01.2022 1001/2022 Total ot 03 General >

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