Check my work On January 4 of this year, Diaz Boutique incurs a $195,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases (does not own) its store and has 8 years remaining on the lease. 0.5 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. points eBook View transaction list Hint Journal entry worksheet Print References 12 Record the cost of modernization of the store for $195,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit Jan 04 Check my work On January 4 of this year, Diaz Boutique incurs a $195,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases (does not own) its store and has 8 years remaining on the lease. 0.5 points 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. eBook View transaction list Hint Journal entry worksheet Print References