Baillie Power leased high-tech electronic equipenent from Courtney Leasing on January 1, 2024. Courthey purchased...
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Baillie Power leased high-tech electronic equipenent from Courtney Leasing on January 1, 2024. Courthey purchased the equipment from Doane Machines at a cost of $250,000, its fali value. Note: Use tables, Excel, or a' financial calculator. (EV of (\$1) PV of S1. EVA of S1, PVA of S1. EVAD MIS1 and PVAD of ST) Required: Prepare a lease amortization schedule and appropriate entries for Boillie Power from the beginning of the lease through December 31 , 2024. December 31 is the fiscal yesr end for each company. Appropriate adjusting entries are recorded at the end of eoch quarter. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a lease amortization schedule. Note: Round vour intermediate calculotions and final answers to the nearest whole dollor. Enter all amounts as posave values
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