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Wouring 2021. Weasel Corp. hired Badger Inc. to design and construct a manufacturing facity the project began and $the land Payments to Badger Inc. for

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Wouring 2021. Weasel Corp. hired Badger Inc. to design and construct a manufacturing facity the project began and $the land Payments to Badger Inc. for the construction of the building were as follows: on which the building was to be constructed. The project was completed on July 31, 2022. August 1, 2021 60,000 February 28, 2022 200.000 May 31, 2022 70.000 In anticipation of the project and in order to help finance the construction, Weasel Corp. issued the following on January 1, 2021 $90,000, 10.0% note payable, interest payable annually. Maturity date is 1/1/2024 In addition to the above note payable, the company has the following debt outstanding during 2021 and 2022: $100,000, 0.0% note payable $50,000, 6.0% note payable Weasel has a December 31 year-end. Based on the above information, complete the following: a. Prepare the journal entry to record the capitalization of interest in 2021 Buildings Interest expense b. The amount of interest to be capitalized in 2022 is C. The total balance in the Building account at 12/31/2022 is

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