I need help with the journal entry part, as you can see its all wrong. The first part of of the question is below for reference, THANK YOU!!!

Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $127,024. (FV of $1. PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term Quarterly rental payments Economic life of asset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods) $17,000 at the beginning of each period 2 years $127,024 8% Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. (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.) Show less No General Journal Credit Debit 127,024 1 Date January 01, 2021 Lease receivable Lease payable 127,024 2 17,000 January 01, 2021 Lease payable Cash 17,000 April 01, 2021 Lease payable Interest expense Cash 14,800 X 2,200 X 17,000 4 July 01, 2021 Lease payable Interest expense Cash 15,096 1,904 x 17,000 5 October 01, 2021 Lease payable Interest expense Cash 15,397 X 1,603 17,000 6 63,512 December 31, 202 Depreciation expense Equipment 63,512 X Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. (Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values.) Lease Payments Effective Interest Decrease in Balance Lease Balance $ 127,024 110,024 $ 0 $ Payment Date 01/01/2021 01/01/2021 04/01/2021 07/01/2021 10/01/2021 01/01/2022 2,200 95,224 1,9041 17,000 $ 17,000 17,000 17,000 17,000 17,000 17,000 17,000 136,000 1,603 1,295 17,000 14,800 15,096 15,397 15,705 16,019 16,340 16,667 127,024 80,128 64,731 49,026 33,007 16,667 981 04/01/2022 07/01/2022 10/01/2022 Total 660 333 8,976 $ 0 $