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Ballile Power leased high-tech electronic equipment from Courtney Leasing on January 1. 2021. Courtney purchased the equipment from Doane Machines at a cost of $253.000,

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Ballile Power leased high-tech electronic equipment from Courtney Leasing on January 1. 2021. Courtney purchased the equipment from Doane Machines at a cost of \$253.000, its fair value, (EV of \$1. PV of \$1. EVA of S1. PVA of S1, EVAD of S1 and PVAD of S1) (Use oppropriote factor(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 quarter. Complete this question by entering your answers in the tabs below

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