On July 31, 2017, Sage Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction was begun immediately and was completed on November 1, 2017. To help finance construction, on July 31 Sage issued a $283,200,3-year,12% note payable at Netherlands National Bank, on which interest is payable each July 31. $175,200of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at10% until November 1. On November 1, Sage made a final $108,000payment to Minsk. Other than the note to Netherlands, Sage's only outstanding liability at December 31, 2017, is a $30,200,8%,6-year note payable, dated January 1, 2014, on which interest is payable each December 31.

On July 31 2017 , Sage Company engaged Minsk Tooling Company to construct a special purpose ece of factory machinery . Construction was begun immediately and was completed on November 1 2017 To help Finance construction , on July 31 Sage issued a $283 200 , 3 - year , 12% note payable at Netherlands National Bank , on which interest is payable each july 31 . $175 200 of the proceeds of the note was paid to Minsk on July 31 . The remainder of the proceeds was temporarily invested in short-term marketable securities trading securities ) at 10% until November 1 . On November 1 , Sage made a final $ 108 000 payment to Minsk . Other than the note to Netherlands sage's only ou standing liability at December 31 2017 Is a $30 200 , 8 % , 6 - year note payable To record the proceeds from the investment dated January 1 2014 , on which interest is payable each December 31 Calculate the interest revenue , weighted average accumula ccumulated expenditures , avoidable interest and total interest cost to be capitalized during 2017 ( To record the payment to Minsk . ) interest revenue Weighted average accumulated expenditures Avoidable interest interest capitalized Prepare the journal entries in ceded on the books of Sage Compa pany at each of the following dates . ( Credit account titles are auto matically indented when amount is en tered . Do not indent manually . If no entry is required , sel select " No Entry " for the account titles and enter A for the amounts . ) ( 1 ) July 31 , 2017 (2 ) November 1 2017 (3 ) December 31 , 2017 Account Titles and Explanation ( To record the note . ) ( To record the payment to Minsk )