ASAP SHOW WORK TY

Journal entry worksheet 3 Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Show how International Machines determined the $16,500 quarterly lease payments. Note: Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to 1 decim place. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Manufacturers Southern leased high-tech electronic equipment from international Machines on January 1, 2024. International Machines manufactured the equipment at a cost of \$96,000. Manufacturers Southern's fiscal year ends December 31 . Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of \$1. FVA of S1. PVA of S1. EVAD of \$1 and PVAD of \$1) Required: 1. Show how internatiohal Machines determined the $16,500 quarterly lease payments 2. Prepare approprate entries for International Machines to record the lease at its beginning. January 1,2024, and the second lease payment on April 1,2024 Complete this question by entering your answers in the tobs below