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Amount of interest to be capitalized during the year: $ b . Calculate the amount of interest expense for the year. c . Prepare the
Amount of interest to be capitalized during the year: $
b Calculate the amount of interest expense for the year.
c Prepare the summary journal entry for the year to record the construction expenditures and interest, assuming that construction is not complete on December Assume all payments are in cash.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
10th edition
978-1337276337, 1337276332, 978-1337517546, 1337517542, 978-1337491471
