Question: I need help with this chart, thank you! Exercise 15-7 (Algo) Sales-type lease with no selling profit; lessor [LO15-2] Edison Leasing leased high-tech electronic equipment
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Exercise 15-7 (Algo) Sales-type lease with no selling profit; lessor [LO15-2] 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 $131,591. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1. EVA of \$1. PVA of S1, FVAD of \$1 and PVAD of S1) Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1 , 2025. Edison's fiscal year ends December 31 . Complete this question by entering your answers in the tabs below. Prepare a lease amortization scheduie 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. Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1 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
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