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Exercise 15-6 (Algo) Finance lease; lessee [LO15-2] Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2024. Edison purchased the. equipment from

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Exercise 15-6 (Algo) Finance lease; lessee [LO15-2] Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2024. Edison purchased the. equipment from International Machines at a cost of $112,446. 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 Manufacturers Southern from the beginning of the lease through January 1, 2025. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis. Complete this question by entering your answers in the tabs below. Prepare a lease amortization schedule for the term of the lease for Manufacturers Southern. Note: Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values. Exercise 15-6 (Algo) Finance lease; lessee [LO15-2] Manufacturers Southem leased high-tech electronic equipment from Edison Leasing on January 1,2024. Edison purchased the equipment from International Machines at a cost of $112,446. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1. FVA of \$1. PVA of S1. FVAD of \$1 and PVAD or S1) Required: Prepare a lease amortization schedule and approprlate entries for Manulacturers Southern from the beginning of the lease through January 1, 2025. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line bsis. Complete this question by entering your answers in the tabs below. Record the appropriate entries for Manufacturens Southern from the beginning of the iease through January 1, 2025. Amortization is recorded at the end of each fiscal year (December 31 ) on a straight-line basis. Note: Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole doliar, if no entry is required for a transactionvevent, select "No journol entry required" in the first account field

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