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Beth hires Howsen in 1/1/11 to construct a building. Payments to Howsen during 2011: The building is ready for use on 12/31/11. Actual debt for

Beth hires Howsen in 1/1/11 to construct a building. Payments to Howsen during 2011:

The building is ready for use on 12/31/11.

Actual debt for Beth consists of:

Bonds payable, 12%, $4,000, issued 1/1/11 to help finance building construction.

Bonds payable, 10%, $12,000 issued 7/1/09 for general purposes.

The capitalized interest will be:

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Advanced Engineering Mathematics

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