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Edlson Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $119,300.
Edlson Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $119,300. Note: Use tables, Excel, or a financlal calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 ) Requlred: Prepare a lease amortization schedule and approprlate entrles for Edison Leasing from the beginning of the lease through January 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 31 . Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values. 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 $119,300. Note: Use tables, Excel, or a financlal 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 approprlate entrles for Edison Leasing from the beginning of the lease through January 1 , 2025. Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January 1,2025. Edison's fiscal year ends December 31 . Note: Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet 1 4 Note: Enter debits before credits. Journal entry worksheet
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