Question 15 5 pts Heyward Company spent $270,000 to refine 100,000 gallons of petroleum into motor oil and gasoline (50,000 gallons of each). The oil could be sold at split-off for $72,000; the gas could be sold at split-off for $143,000. The oil is processed further at a cost of $90,000 and sells for $550,000. The gas is processed further at a cost of $95,000 and sells for $495,000. Using the Relative Sales Value approach, allocate the joint cost to the two products. To Oil To Gas Question 6 3 pts A $400,000 bond was retired at 103 when the carrying value of the bond was $397,000. Prepare the journal entry. Question 3 3 pts On 4/3/19, Zauderer Academy leased equipment for $10,000 per year for eight years at an interest rate of 12%, with the first lease payment due on 4/3/20. The lease is treated as a capital lease. Prepare the journal entry for 4/3/19