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please show work Southwestem Edison Company leased equipment from Hi-Tech Leasing on January 1, 2024. Hi-Tech manufactured the equipment ot a cost of $86,000. There
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Southwestem Edison Company leased equipment from Hi-Tech Leasing on January 1, 2024. Hi-Tech manufactured the equipment ot a cost of $86,000. There is no expected residual value. Required: Prepare appropriate joumal entries for HI-Tech Leasing for 2024. Assume a December 31 year-end. Note: If no entry is required for o transoction/event, select "No journal entry required" in the first account field. Round your onswers to the nearest whole dollor omounts. Jour al entry worksheet (2) 3 Record the lease. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry. Note: Enter debits before credits. Jou al entry worksheet Record the cash received. Note: Enter debits before credits Step by Step Solution
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