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please help ill rate highly Exercise 15-6 (Static) Finance lease; lessee (LO15-2) Manufacturers Southern lessed high-tech electronic equipment from Edison Leasing on January 1 2021.
please help ill rate highly
Exercise 15-6 (Static) Finance lease; lessee (LO15-2) Manufacturers Southern lessed high-tech electronic equipment from Edison Leasing on January 1 2021. Edison purchased the equipment from International Machines at a cost of $112,080, EX1,51. PV 51. EVA OSI, PVA OLSI, EVAD of Stand PVAD. 051) (Use appropriate factor(s) from the tables provided) Related Information Less tern 2 years ( quarterly periods Quarterly rental payments $15,000 at the beginning of each period Economie Elfe of at 2 years Tair value of niet 5112010 Tepliest interest rate Ale toerental borrowisy tate) Required: Prepare a fease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the fease through January 1, 2022. Amortization of the right of use asset is recorded at the end of each fiscal year (December 31on a straight line is Complete this question by entering your answers in the tabs below. Amon Schedule General Journal Step by Step Solution
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