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Bailie Power leased high-tech electionic equipment from Courtney Leasing on January 1, 2021. Courthey purchased the equipment from Doane Machines at a cost of $260,000,
Bailie Power leased high-tech electionic equipment from Courtney Leasing on January 1, 2021. Courthey purchased the equipment from Doane Machines at a cost of \$260,000, its foir value. (FV of \$1. PV of \$1. FVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use oppropriate factor(s) from the tables provided.) Required: Prepore a lease amortization schedule and appropriate entries for Ballie Power from the beginning of the lease through December 31 , 2021. December 31 is the fiscal year end for each compony Appropriate adjusting entries are recorded ot the end of each quarter
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