answer the questions as soon as possible and correctly,i would give you a good comment.

Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $251,000, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term 2 years (8 quarterly periods) $16,000 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Quarterly lease payments Economic life of asset Interest rate charged by the lessor 5 years 4% 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. Complete this question by entering your answers in the tabs below. 1 2 3 4 5 6 7 8 9 10 Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 Lease payable 1 3 4 5 6 7 8 9 10 Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2021 Lease payable Journal entry worksheet Record the quarterly lease payment made by Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Lease payable Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 Amortization expense Right-of-use asset Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Record amortization of the right-of-use asset for Baillie Power. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2021 Amortization expense Right-of-use asset