CH 8 Problem Assignment i Saved Help Save & Exit Submit Check my work On January 4 of this year, Diaz Boutique incurs a $135,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases (does not own) its store and has 8 years remaining on the lease. 0.5 points 1. & 2. Prepare the journal entry to record the cost of modernization and amortization at the end of this current year. Skipped View transaction list Journal entry worksheet eBook Hint Record the cost of modernization of the store for $135,000 cash. Print Note: Enter debits before credits. References Date General Journal Debit Credit Jan 04 Record entry Clear entry View general journal Journal entry worksheet