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The following information is for a long-term construction project for Moses Company that is finished on December 31, 2022. +Capital expenditures during 2022: Date January
The following information is for a long-term construction project for Moses Company that is finished on December 31, 2022. +Capital expenditures during 2022: Date January 1, 2022 March 1, 2022 June 30, 2022 December 31, 2022 Outstanding debt in 2022: Actual Expenditures $2,220,720 300,000 Debt Construction loan Note payable Note payable Bonds payable Note payable Issuance Date January 1, 2022 January 1, 2022 March 1, 2020 January 1, 2015 June 30, 2021 500,000 500,000 Debt Amount $ 800,000 Interest Rate 12% 150,000 10% 600,000 8% 1,000,000 13% 600,000 12% 4b. Calculate actual interest incurred. 4c. Calculate the weighted average interest rate
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