Question: Refer to the situation described in E1533. Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the commencement of the lease

Refer to the situation described in E15–33.

Required:

Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the commencement of the lease through December 31, 2013. Edison’s fiscal year ends December 31.

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