Apply Homework due Day 7) Saved Balle Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $259,000, its fair value. (EV of $1. PV of St. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information Lease tere Quarterly lease payments Emic life of asset Interest rate charged by the lesser Required: 2 years (8 quarterly periods) $24,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, 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 Complete this question by entering your answers in the tabs below. Amort Schedule General Journal Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values.) Lease Payment Date Payments Effective Interest Decrease in Balance Lease Balance 25900 01/01/2021 24.000 03312021 24.000 06000021 09362921 12012021 03/31/2022 06302022 15302022 Total S 40,000 $ 05 (mat Schedule General Journal > Complete this question by entering your answers in the tabs below. 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 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 A View transaction list Journal entry worksheet General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering you 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 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 A View transaction list Journal entry worksheet Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal Amort Schedule General Journal> y Homework (due Day 7) Prepare a lease amortization scneauie and appropriate entries for bamme rower from the beginning of the lease through vce 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. 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 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 a View transaction list Journal entry worksheet > 2 4 5 6 7 8 9 10 Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date March 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date March 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal General Journal Debit Credit Record entry Clear entry View general journal Homework (due Day 7 Prepare a lease amortization schedule and appropriate entries for bame Power from the beginihil 2021 December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end Complete this question by entering your answers in the tabs below. 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 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 A View transaction list Journal entry worksheet