On January 4 of this year, Diaz Boutique incurs a $105,000 cost to modernize its stor wiring, and wall coverings. These improvements are estimated to yield benefts for 10 years. Diaz leases its store and has eight years remaining on the lease. 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year View transaction list Journal entry worksheet 2 Record the cost of modernization of the store for $105,000 cash. Note: Enter debits before credits. Debit General Journal Date Jan 04 Clear entry Record entry