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the answers I put are incorrect Exercise 15-6 Finance lease; lessee [LO15-2 Manufecturers Southern lessed high-tech electronic equipment from Edison Leasing on Jenuary t, 2018.
the answers I put are incorrect
Exercise 15-6 Finance lease; lessee [LO15-2 Manufecturers Southern lessed high-tech electronic equipment from Edison Leasing on Jenuary t, 2018. Edison purchesed the appropriate factorts) from the tebles provided.) 2years (8 quarterly seriods) 16,090 t the beginnseg of each period 113,952 Required: Prepare a lease amortzation schedde and appropriste entries for Manufecturers Southem trom the begining of the lease through January 1, 2019. Depreciation is recorded at the ond of each fiscal yeor December 3T) on a streighr-line bes Complete this question by entering your answers in the tabs below. mort Geners ScheduieJal Prepare a lease amortiration schedule for the term of the lease for Manufacturers Southem (Enter all amounhs as pasithe 100t/2018 414 1535 43 258 Schedule General Record the appropriste entries for Manufactarers Southern from the boginning of the lease through January 1, 2019 transactionevent, solect "No journal entry required" in the first account field. Enter your answers in whole dollars and not in milions., Round your intormodate and final answers to nearest whole dollar.) Show les& 12,00 Lease payable 12,000 auary O, Cash 15,000 Lease recevable 15 080 z. 3 Apl01, 2018 Cash 15,000 Lease recevable i revenue 13,058 1942 merest 4Juy 01,2018 Cach 15.000 13,320 1,600 interast navarue October 01 2018 Cash 15,000 13 588 Lease recsivab intarest sevsr Decemicer 31, maret recevable 1.142 142 2 jounal entry nequired NoStep by Step Solution
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