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Grichuk Power leased high-tech electronic equipment from Kolten Leasing on Jaary 1 2018. Koen purchased the equipment from Wong Machines at a cost of $255.000,

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Grichuk Power leased high-tech electronic equipment from Kolten Leasing on Jaary 1 2018. Koen purchased the equipment from Wong Machines at a cost of $255.000, its fair value EMotst PV.oEVA of$.eVA.ot s1. FVAD ofSt and RVAD of So (use appropriate factor(s) from the tables provided) Related Information Quarterly lease paynents Econonic life of asset Interest rate charged by the lessor rark (ly prods) 28-998 521 andat Man. 31 Bune e. Set3. and Dc 1 thereefter S Ears Required Prepare a lease amortization schedule and appropriate entries for Grichuk Power from the commencement of the lease through December 31, 2018 December 31 is the fiscal year end for each company Appropriate adjusting entries are recorded at the end of each quarter Amort Schedule General Journal Prepare a lease amortization schodule for the term of the lease for Grichuk Power from the commencemunt of the lease through December 31, 2018. December 31 is the fiscal year end for each company.E all.amourto a otive r Date $ 144,606 01/01/2018 04/01/2018 07I01/2018 10/01/2018 01/01/2019 04/01/2019 07/01/2019 10/01/2019 Total General Journal

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