Manufacturers Southern leased hightech electronic equipment from International Machines on January International Machines manufactured the equipment at a cost of $ Manufacturers Southern's fiscal year ends December Note: Use tables, Excel, or a financlal calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Required:
Show how International Machines determined the $ quarterly lease payments.
Prepare appropriate entries for International Machines to record the lease at its beginning. January and the second lease payment on April
Complete this question by entering your answers in the tabs below.
Show how International Machines determined the $ quarterly lease payments.
Note: Round your intermediate and final answers to the nearest whole dollar. Round your percentage answer to decimal places
tablePV factors based onTable or Calculator function:,PVAD of $PV of Lease,$
