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question details questions Exercise 15-7 (Algo) Sales-type lease with no selling profit; lessor [LO15-2] Edison Leasing leased high-tech electronic equipment to Manudacturers Southem an January
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Exercise 15-7 (Algo) Sales-type lease with no selling profit; lessor [LO15-2] Edison Leasing leased high-tech electronic equipment to Manudacturers Southem an January 1, 202t. Edison purchased the equipment from International Machines at a cost of S113,515, (EY of S1, PV of S1, EVA of S1. PVA of S1. EVAP of Si and PVAD of S) (Use appropriate factor(s) from the tables provided.) Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1. 2022 . Edison's fiscal year ends December 31 . Complete this question by entering your answers in the tabs below. tequired: repare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 2. 022 . Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below. Prepare a lease amortization sichedule for Edison Leasing from the becining of the lesse through zamuaty i. 202zz. Edison's positive values.) Prepare the approprlate entries for Edison Lnasing from the beginning of the lease through lanuary 1, 2022. Edison's ficcal yeur enda December 31. (Entor your angwers in whole dollars and not in millions. Round your intermediater and final ancwern to the neereat whole dollac. If no entry is tequired for a transactionvevent, select "No foumal entry required" in the first accoumt field.) schar lesta a questions
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