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Grichuk Power leased high-tech electronic equipment from Kolten Leasing on January 1, 2018. Kolten purchased the equipment from Wong Machines at a cost of $259.000, its fair value. (FV of $1. PV of $1. FVA of $1. PVA of S1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Informations Lease ter Quarterly lease payments Economic life of asset Interest rate charged by the lessor 2 years (8 quarterly periods) $24,000 at Jan. 1, 2018, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter. 5 years Required: Prepare a lease amortization schedule and appropriate entries for Grichuk Power from the commencement of the lease through December 31, 2018 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each Quarter Complete this question by entering your answers in the tabs below. General Journal Schedule Prepare a lease amortization schedule for the term of the lease for Grichuk Power from the commencement of the lease through December 31, 2018. December 31 is the fiscal year and for each company. (Enter all amounts as positive values.) Payment Date Lease Payments Effective feet Interest Decrease in assenhance 173527 01012018 04.01.2018 07/01/2018 16 01 2011 01012010

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