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Edison Leasing leased high - tech electronic equipment to Manufacturers Southern on January 1 , 2 0 2 4 . Edison purchased the equipment from
Edison Leasing leased hightech electronic equipment to Manufacturers Southern on January Edison purchased the equipment from International Machines at a cost of $ Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $ Related Information: Lease term years quarterly periods $ at the beginning of each period Economic life of asset years Fair value of asset $ Implicit interest rate Also lessee's incremental borrowing rate Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December Complete this question by entering your answers in the tabs below. Amortization Schedule General Journal Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values. tablePayment Date,tableLeasePaymentstableEffectiveInteresttableDecrease inBalanceLease Balance
Edison Leasing leased hightech electronic equipment to Manufacturers Southern on January Edison purchased the equipment from International Machines at a cost of $
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Related Information:
Lease term
years quarterly periods
$ at the beginning of each period
Economic life of asset years
Fair value of asset
$
Implicit interest rate Also
lessee's incremental borrowing
rate
Required:
Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December
Complete this question by entering your answers in the tabs below.
Amortization Schedule
General
Journal
Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January Edison's fiscal year ends December
Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values.
tablePayment Date,tableLeasePaymentstableEffectiveInteresttableDecrease inBalanceLease Balance
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