On March 1, Blossom Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 $301,200 267,600 789,600 (a) 1,185,600 402,000 The building was completed and occupied on July 1. To help pay for construction $191,000 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. The weighted-average accumulated expenditures $

On March 1, Blossom Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 $301,200 267,600 789,600 (a) 1,185,600 402,000 The building was completed and occupied on July 1. To help pay for construction $191,000 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. The weighted-average accumulated expenditures $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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19) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 May 1 July 1 540,000 300,000 April 1 June 1 $ 222,000 810,000 The building was completed and occupied on July 1. To help pay for construction $3,000,000 was borrowed on March 1 on a 10%, three-year note payable. Instructions: a) Calculate the weighted-average accumulated expenditures. F12 C
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