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Manufacturers Southern leased high-tech electronic equipment from Edision Leasing on January 1, 2013 Edison purchased the equipment from International Machines at a cost of $127,650
Manufacturers Southern leased high-tech electronic equipment from Edision Leasing on January 1, 2013 Edison purchased the equipment from International Machines at a cost of $127,650 (FV of $1, FV of $1 PV of $1 FVA, PVA of $1 FVAD of $1 and PVAD of $1 (Use appropriate factors(s) from the tables provided.) Required: Prepare a lease amortization schedule for the term of the lease. Also record the appropriate entries for manufacturers Southern front the inception of the lease through January 1 2014 Deprecation is recorded at the end of each fiscal year (December 31) on a straight-line basis (If no entry is required rot a particular transaction, select No journal entry required in the first account field account field. Enter your answers in whole dollars.)
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