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Check 3 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2018. Edison purchased the equipment from International Machines at a cost
Check 3 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2018. Edison purchased the equipment from International Machines at a cost of $113.515 EVO PV of $1, FI A of $1, PVA of $1, F AD of $1 and P AD of $1) (Use appropriate factor(s) from the tables provided.) 10 points Related Information: Lease term 2 years (8 quarterly periods) $15,700 at the beginning of each period 2 years $113,515 128 013836Quarterly rental payments Economic 1ife of asset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) eBook Hint Print Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1 References2019. Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below Amort Schedule General Journal Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2019. Edison's fiscal year ends December 31. (Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to nearest whole dollar. Enter all amounts as positive values.) Mc eip Che Complete this question by entering your answers in the tabs below Amort General Journa Schedule Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2019. Edison's fiscal year ends December 31. (Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to nearest whole dollar. Enter all amounts as positive values.) 1:38:10 Effective Interest Decrease in Balance Lease Payment date Payments Lease Balance ook 01/01/2018 01/01/2018 04/01/2018 07/01/2018 10/01/2018 01/01/2019 04/01/2019 07/01/2019 Hint Print erences 10/01/2019 Total Amort Schedu General Journal Help Save&E 3 Chec Amor General Schedule Journal Prepare the appropriate entries for Edison Leasing from the beginning of the lease through Janu December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter answers in whole dollars and not in mitions. Round your intermediate and final answers to nearest whole dollar.) ary 1, 2019. Edison's fiscal year ends oints Show less A 01:37:16 View transaction list X: eBook Hint Print References Import a new list 1 Record the lease. 2 Record cash received. 3 Record cash received. 4 Record cash received. 5 Record cash received. Credit 6 Record interest receivable. 7 Record cash received
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