1 poems Exercise 15-16 (Algo) Lessee; operating lease [LO15-4] Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021 Courtney purchased the equipment from Doane Machines at a cost of $262.000, its fair value. (EX of $3 PV of $1. EVA of $1 PVA of 51. EVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Related Information: Lease tern Quarterly Tease payments Economic 11fe of asset Hire Interest rate charged by the lessor 2 years ( quarterly periods) $17,000 at Jan 1, 2023, and at Har, 33, June 30, Sept. 30, and Dec. 1 5 year thereafter Adk Pros References Required: Prepare a lease amortization schedule and appropriate entries for Baile Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Complete this question by entering your answers in the tabs below. Schedule General Joumal Prepare lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dallas Enter al amounts as positive values.) Exercise 15-16 (Algo) Lessee; operating lease [LO15-4] Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $252.000, its fair value. (EY of $1 PV of $1. EVA of $3. PVA of $1. EVAD of $1 and PVAD of 5) (Use appropriate factor(s) from the tables provided.) Related Information: Lease tere Quarterly lease payments Econic life of asset Interest rate charged by the lessor Required: 2 years (8 quarterly periods) $17,000 at Jan. 1, 2821, and at Mar. 11, June 30, Sept. 38, and Dec. 31 thereafter 5 years 12% Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values.) Payment Date Hint Lease Payments Effective Interest Decrease in Balance Lease Balance 01/01/2021 Ask 03/31/2021 Print 06/30/2021 09/30/2021 12 31/2021 8/31/2022 19,500 References 06/30/2022 09/30/2022 Total $ 19,500 $ 0 $ 0 General Joumal > 5 points Record the appropriate adjusting entries at the end of each quarter for Bailie Power from the commencement of the lease through January 1, 2021. December 31 is the fiscal year end for each company. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round your Intermediate calculations and final answers to the nearest whole dollar) Show less View transaction list eBook Journal entry worksheet Hre 6 7 8 9 10 > Ask Print Record the beginning of the lease for Baillie Power Eter debts before credits References Date January 01, 2021 Mc Graw General Journal Debil Credit Record entry Clear entry View general joumal Prev 1 of 1 Next B Exercise 15-16 (Algo) Lessee; operating lease [LO15-4] Bale Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment Dom Doane Machines at a cost of $252.000, its fair value EV of St. Pyar PVA of 33 PVA of $1. EVAD of $1 and EVAD of (U appropriate fectors) from the tables provided.) Lease ter Qarerly Jesse payments tcome 11 of asset 2 years (arterly periods) thereafter Syears 13 A PIONE Required Preps a lesse amortization schedule and appropriate entries for Belle Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Complete this question by entering your answers in the tabs below. Schedule General Jounal Record the appropriate adjusting entries at the end of each quarter for Bailie Power from the commencement of the lease through January 1, 2021 December 31 is the fiscal year end for each company. (If no antry is required for a transaction/event, select "No journal entry required in the first account field. Round your intermediate calculatione and final anmiers to the nearest whole dalian) Show less 0008 . HOT Exercise 15-16 (Algo) Lessee; operating lease [LO15-4] Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021, Courtney purchased the equipment from Doane Machines at a cost of $252.000, its fair value. (EV 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.) Related Information: Lease tere Quartarly lease payments Econpeic life of asset Interest rate charged by the lessor 2 years (8 quarterly periods) $17,000 at Jan, 1, 2023, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter 5 years 12% Alr Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Complete this question by entering your answers in the tabs below. frances Amort Schedule General Journal Record the appropriate adjusting entries at the end of each quarter for Baillie Power from the commencement of the lease through January, 2021. December 31 is the fiscal year end for each company. (If no entry is required for a transaction/event, select "No journal untry requled in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar.) Show less A 4 Hire Required: Prepare a lease amortization schedule and appropriate entries for Baille Power from the beginning of the lease through December 31, 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter. Complete this question by entering your answers in the tabs below. AGK Amort Schedule Prin General Joumal Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar Enter all amounts as positive values.) Payment Date Lease Payments References 01/01/2021 19.500 03/31/2021 06/30/2021 09/30/2021 12/31/2021 03/31/2022 06/30/2022 09/30/2022 Effective Interest Decrease in Balance Lease Balance Total $ 19.500 5 $ Pot Schedule General Journal Recent the appropriate adjusting entries at the end of each quarter for Baille Power from the commencement of the lease through January 1, 2021. December 21 is the focal year and for each company. (If no entry is required for a transaction/event, select 'No journal entry required in the first account field. Find your intermediate calculations a final answers to the nearest shole dollar.] Journal entry worksheet 9 Record the beginning of the lease for Baillie Power 9 10 > Date January 01, 2021 General Journal Debit Creat Recorder Clear dry View ABX References MC Graw by required" in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar) pally, (it is Antry is required for a transaction/event, select "No joumal Show less View transaction list Journal entry worksheet < 2 10 > 5 6 7 Record the beginning of the lease for Baillie Power. Er debts before credits Date anuary 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Prax Maxt