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Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased...

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Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $114,321. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through Janua 2025. Edison's fiscal year ends December 31 . Complete this question by entering your answers in the tabs below. Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2025. Edison's fiscal year ends December 31 . Note: Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values. Prepare the appropriate entries for Edison Leasing from the beginning of the lease through January 1 , 2025 . Edison's fiscal year ends December 31. Note: Enter your answers in whole dollars and not in millions. Round your intermediate and final answers to the nearest whole dollar. If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Show less A

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