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Apex received a SR10 million 7.5% loan on 01.04 .2023 . The loan was specifically issued to finance the building of a new store. Construction

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Apex received a SR10 million 7.5% loan on 01.04 .2023 . The loan was specifically issued to finance the building of a new store. Construction of the store commenced on 01.05.2023 and it was completed and ready for use on 28.02 .2024 . How much interest should be recorded as finance costs and how much should be capitalised as part of property, plant and equipment for the year ended 31.03.2024? Show the journal entry that reflects these transactions. SHOW YOUR CALCULATIONS!! Apex received a SR10 million 7.5% loan on 01.04 .2023 . The loan was specifically issued to finance the building of a new store. Construction of the store commenced on 01.05.2023 and it was completed and ready for use on 28.02 .2024 . How much interest should be recorded as finance costs and how much should be capitalised as part of property, plant and equipment for the year ended 31.03.2024? Show the journal entry that reflects these transactions. SHOW YOUR CALCULATIONS

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