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needs the amort schedule as show and 10 journal entries as shown Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to
needs the amort schedule as show and 10 journal entries as shown
Prepare a lease amortization schedule. (Round your intermediate calculations and final answers to the Enter all amounts as positive values.) Journal entry worksheet Record the beginning of the lease for Baillie Power. Note: Enter debits before credits. Ballie Power leased high-tech electrons 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. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use oppropriate factor(s) from the tobles provided.) 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 Step by Step Solution
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