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Southern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2016. Required: a. Prepare all the appropriate journal entries for Southern Edison for 2016

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Southern Edison Company leased equipment from Hi-Tech Leasing on January 1, 2016. Required: a. Prepare all the appropriate journal entries for Southern Edison for 2016 and 2017. Assume sum-of-the year's digit depreciation and a December 31 year-end. b. Prepare the relevant portions of the balance sheet and of the income statement of Southern Edison with regard to the above, for the year 2016

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