I need help with part 6 and 7 which are marked in red with an X next to them to do the Journal entries, thank you!
Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2024. Edison purchased the equipment from International Mochines at a cost of $112,446. Note: Use tables, Excel, or a financial calculator. (EV of $1, PV of $1, EVA of S1, PVA of S1, EVAD of S1 and PVAD of S1) Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease throug January 1, 2025. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis. Answer is complete but not entirely correct. 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. Noter Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values. Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease throL January 1, 2025. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis. Answer is complete but not entirely correct. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Record the 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. 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. \begin{tabular}{|c|c|c|c|c|c|} \hline 2 & January 01, 2024 & Lease payable & 0 & 15,300 & \\ \hline & + & Cash & 0 & & 15,300 \\ \hline \multirow[t]{3}{*}{3} & April 01, 2024 & Lease payable & 0 & 12,871 & \\ \hline & & Interest expense & 0 & 2,4290 & \\ \hline & & Cash & 0 & & 15,3000 \\ \hline \multirow[t]{3}{*}{4} & July 01, 2024 & Lease payable & 0 & 13,193 & \\ \hline & & Interest expense & 0 & 2,107 & \\ \hline & & Cash & 0 & & 15,300 \\ \hline \multirow[t]{3}{*}{5} & October 01, 2024 & Lease payable & 0 & 13,523 & \\ \hline & & Interest expense & 0 & 1,7770 & \\ \hline & & Cash & 0 & & 15,300 \\ \hline \multirow[t]{2}{*}{6} & December 31,202. & 2. Depreciation expense & & 56,223 & \\ \hline & & Accumulated depreciation & & & 56,223 \\ \hline \multirow[t]{2}{*}{7} & December 31,202 & 2. Interest expense & & 1,439 & \\ \hline & & Interest payable & & & 1,439 \\ \hline \multirow[t]{3}{*}{8} & January 01,2025 & Interest payable & 0 & 1,439 & \\ \hline & & Lease payable & 0 & 13.861 & = \\ \hline & & Cash & 0 & & 15,300 \\ \hline \end{tabular} Amortization Schedule esenomalucinal rotes enver dedis verure creurs: Journal entry worksheet (1) 2 3 4 5 6 Record the amortization for Manufacturers Southern. Note: Enter debits before credits
