Question: please help me find the right answer for the names of the journal entry that are wrong. it is not depreciation expense. thank you Baillie

please help me find the right answer for the names of the journal entry that are wrong.

it is not depreciation expense.

thank you

please help me find the right answer for the names of the

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 \$251,500, its fair value. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of S1) (Use appropriate factor(s) from the tables 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

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