Question
On March 1, Marigold Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $322,800 April 1 295,200 May
On March 1, Marigold Co. began construction of a small building. The following expenditures were incurred for construction:
March 1 $322,800
April 1 295,200
May 1 687,600
June 1 1,068,000
July 1 420,000
The building was completed and occupied on July 1. To help pay for construction $196,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,887,000, 10% note issued two years ago.
Calculate the weighted-average accumulated expenditures.?
Calculate avoidable interest.?
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Cengage Learnings Online General Ledger For Heintz/parrys College Accounting, 2, 2 Terms (12 Months)
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669991, 9781305669994
