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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. EVA 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. 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 doliars 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 joumal entry required" in the first account feld. \begin{tabular}{|c|c|c|c|c|c|} \hline & & Cash & 0 & & 15,3000 \\ \hline \multirow{4}{*}{3} & \multirow{2}{*}{ April 01, 2024} & & & & \\ \hline & & Lease payable & 0 & 12,871 & \\ \hline & & Interest expense & 0 & 2,4290 & \\ \hline & & Cash & 0 & & 15,300 \\ \hline \multirow[t]{3}{*}{4} & July 01, 2024 & Lease payable & 0 & & \\ \hline & & Interest expense & 0 & 2,1070 & \\ \hline & & Cash & 0 & & 15,3000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{5} & October 01, 2024 & Lease payable & 0 & 13,5230 & \\ \hline & & Interest expense & 0 & 1,7770 & \\ \hline & & Cash & 0 & & 15,3000 \\ \hline \multirow[t]{3}{*}{6} & December 31,202 & Lease recelvable & & 13,861 & \\ \hline & & Interest expense & & 1,439 & \\ \hline & & Lease payable & & & 15,300 \\ \hline \multirow[t]{2}{*}{7} & December 31, 202 & Amortization expense & 0 & 14.056 & \\ \hline & & Accumulated depreciation & 8 & & 14,058 \\ \hline \multirow[t]{2}{*}{8} & January 01,2025 & Lease payable & 0 & 15,300 & \\ \hline & & Cash & 8 & & 15,300 \\ \hline \end{tabular} Amortization Schadule Journal entrv worksheet rote: criver vevits perure creants. Journal entry worksheet 1 (2) 3 4 5 6 Record the amortization for Manufacturers Southern. Note: Enter debits before credits. View transaction list Journal entry worksheet Record lease payment. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & Goneral Journal & Doblt & Crodit \\ \hline January 01, 2025 & Lease payable & 15,300 & \\ \hline & Cash & & 15,300 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & 1 & & \\ \hline \end{tabular} Record entry clear entry View general journal Amortization Schedule