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On July 3 1 , 2 0 2 5 , Bramble Company engaged Minsk Tooling Company to construct a special - purpose piece of factory
On July Bramble Company engaged Minsk Tooling Company to construct a specialpurpose piece of factory machinery. Construction began immediately and was completed on November To help finance construction, on July Bramble issued a $year, note payable at Netherlands National Bank, on which interest is payable each July $ of the proceeds of the note was paid to Minsk on July The remainder of the proceeds was temporarily invested in shortterm marketable securities trading securities at until November On November Bramble made a final $ payment to Minsk. Other than the note to Netherlands, Bramble's only outstanding liability at December is a $year note payable, dated January on which interest is payable each December
a
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Calculate weightedaverage accumulated expenditures, avoidable interest, and total interest cost to be capitalized during
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List of Accounts
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b
Prepare the journal entries needed on the books of Bramble Company at each of the following dates. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
July
November
December
Date
Account Titles and Explanation
Debit
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