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Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $119.552.

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Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from International Machines at a cost of \$119.552. (EV of \$1. PV of \$1. EVA of S1. PVA of \$1, EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization of the right-of-use asset is recorded at the end of each fiscal year (December 31) on a straight line basis. (8) 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. (Round your intermediate calculations and final answers to the nearest whole dollar) Tnurnal antrex sumrirebint Journal entry worksheet 1 2 34 5 Record amortization of the right-of-use asset for Manufacturers Southern. Note: Enter debits before credits

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