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(PDE Transcript.pdf X Careers X Eminem - Like Toy Soldiers (Offic X Connect X C Manufacturers Southern Leased | X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba.. APerformance EMail Lu Liberty Home Bb Blackboard College EMail i in Linkedin Indeed Thrift Savings Plan G Google Other favorites Chapter 15 i Saved Help Save & Exit Submit Check my work 5 Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2021. Edison purchased the equipment from International Machines at a cost of $131,379. (FV of $1, PV of $1, EVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 2 points Related Information: Lease term 2 years (8 quarterly periods) Quarterly rental payments $17,000 at the beginning of each period eBook Economic life of asset 2 years Fair value of asset $131, 379 Implicit interest rate 4% Hint (Also lessee's incremental borrowing rate) Print Required: Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. Complete this question by entering your answers in the tabs below. Amort General Schedule Journal Prepare a lease amortization schedule for Edison Leasing from the beginning of the lease through January 1, 2022. Edison's fiscal year ends December 31. (Round your intermediate and final answers to the nearest whole dollar. Enter all amounts as positive values. Payment Date Lease Effective Decrease in Payments Interest Balance Lease Balance 01/01/2021 $ 131,379 Mc Graw Hill 5 of 9 Next > ducation Screenshot Added A screenshot was added to your Dropbox. Mc Graw Hill Dropbox ducation Type here to search 11:34 28/10/2020(PDE Transcript.pdf X Careers X Eminem - Like Toy Soldiers (Offic X Connect X C Manufacturers Southern Leased | X X O https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba... APerformance EMail Lu Liberty Home Bb Blackboard d College EMail in Linkedin ; Indeed Thrift Savings Plan GGoogle Other favorites Chapter 15 i Saved Help Save & Exit Submit Check my work 5 Journal entry worksheet 2 3 4 5 6 7 2 points Record the lease. eBook Hint Note: Enter debits before credits. Print Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal ducation Type here to search 11:34 28/10/2020