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Bailie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $257,000,
Bailie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $257,000, its fair value. (FV of \$1. PV of \$1, PVA of S1. PVA of S1. FVAD of \$1 and PVAD of Si) (Use appropriate foctor(s) from the tables provided.) Required: Prepare 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 company. Appropriate adjusting entries are recorded at the end of each quartec. Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the nearest whole dollar. Enter all amounts as positive values.) Record the appropriate adjusting entries at the end of each quarter for Baille Power from the commencement of the lease through lanuary 1, 2021 . December 31 is the fiscal year end for each company. (If no entry is reguired 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 lessa Journal entry worksheet Note: Enter debits before credits
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