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Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $131,591.

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Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $131,591. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of $1. FVA of $1, PVA of $1. FVAD of $1 and PVAD of \$1) Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through Jant 2025. Edison's fiscal year ends December 31 . Complete this question by entering your answers in the tabs below. Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2025. Edison's fiscal year ends December $1. Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values. Journal entry worksheet 4 Note: Enter debits before credits. Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2 December 31 . Note: Enter your answers in whole dollars and not in millions. Round your intermediate and final answer no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Journal entrv worksheet Prepare the appropriate entries for Edison Leasing from the beginning of the lease through Jant December 31. Note: Enter your answers in whole dollars and not in millions. Round your intermediate and fin no entry is required for a transaction/event, select "No journal entry required" in the first accou Journal entry worksheet Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January December 31 . Note: Enter your answers in whole dollars and not in millions. Round your intermediate and final an no entry is required for a transaction/event, select "No journal entry required" in the first account fin Journal entry worksheet Noes: Enter debits before crod es. Presare the appropriate entries for Ldivon Leasing trom the begincing of the lesse through Jacuacy December 31. Note E Enter your anewers in mhole dolisis and not in milions. Alound your intemeolate and final an December 31. ne entry is required for a transocrion/evere, ielect The yournal enery required" in the fint accoune n. Prepore the appropnate entriea for Edisen Leking tram the beginning of the lease through January 1 Prepore the a Oecember 31 Note: finter your answers in whole dollars and not in milions. fivund your intermediate and firal ans no entry is required for a transartion/tyent, seted "Na journal entry required in the first account fie Prepare the appropriate entries for Edison Leasing from the bepinning of the lease through lanuary December 31 Notei Enter your answers in whole dosars and not in milions. Round your intermediate and final any no entry is roqulred for a transactionvevent, setect "We jeurnai ertry required" in the first account fi

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