please complete the amortization schedule and the journal entry which i took pics of each transaction.

Exercise 15.6 (Algo) Finance lease;lessee (LO15-2) Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipment from international Machines at a cost of $136,768 (FV 0f $1. PV of $1. EVA of $1. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Informations Lease term Quarterly rental payments Economic life of asset fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods) $18,000 at the beginning of each period 2 years $136,768 6% ak + Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of each fiscal year (December 31) on a straight line basis ences Complete this question by entering your answers in the tabs below. Amort Schedule General Journal Prepare a lease amortization schedule for the term of the lease for Manufacturers Southern (Round your intermediate calculations and final answers to the nearest whole dollar) Payment Date Efective Interest Payments Decreatie in Balance Lease Balance 01/01/2021 04/01/2021 07/01/2021 10/01/2021 01/01/2022 04/01/2022 07/01/2022 10/01/2022 Total Site General Journal > Related Information: Lease tern Quarterly rental payments Economic life of asset Fair value of asset Implicit interest rate (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods $18,000 at the beginning of each period 2 years $116,768 6X Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of each fiscal year (December 31, on a straight-line basis Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Depreciation is recorded at the end of each Fiscal year (December 31) on a straight-line basis. (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 transaction/event, select "No journal entry required in the first account field.) Show less View transaction list Journal entry worksheet 6 6 7 8 Record the beginning of the lease for Manufacturers Southern Note: Enter debits before credits General Jou Debit Credit Du January 01, 2021 Record entry Clear entry View general journal ho Record lease payment. Note: Enter debits before credits General Journal Debit Credit Date April 01, 2021 Record entry Clear entry View general journal 2 years: (8 quarterly periods) $19.000 at the beginning of each period Related Information Lease ter Quarterly rental payments Economic life of asset Fair value of delet Implicit Interest rate (Also lessee's incremental borrowing rate) 5136,769 Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southem from the beginning of the January 1, 2022 Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis Complete this question by entering your answers in the tabs below. es Amort Schedule General Journal Record the appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Depr recorded at the end of each fiscal year (December 31) on a straight-line basis. (Enter your answers in whole dollars and in Round your intermediate and final answers to the nearest whole dollar If no entry is required for a transaction/event, sele entry required in the first account field) View transaction fist Journal entry worksheet 1 2 3 5 6 7 8 Record lease payment. Note Enter debits before credits General Journal Date July 01, 2021 Dobit Credit Record entry Clear entry View general Journal