Q1 (Classification of Costs and Interest Capitalization) On January 1, 2021, Blair Corporation purchased for $820,000 |a tract of land (site number 101) with a building. Blair paid a real estate broker's commission of of $800,000 and the building value was $200,000 razed at a cost of Blair entered into a contract with Slatkin Builders, Inc. on March 1, 2021, for the construction of an foffice building on land site number 101. The buiklding was completed and occupied on Dec 31, 2021. Additional construction costs were incurred as follows: To finance construction costs, Blair borrowed is payable in 12% Other debt includes a 20-year notes payable of an annula interest at Blair's building construction expenditures were as follows: $5,100 , and title guarantee insurance $32,000 The closing statement indicated that the land value was , legal fees of $3,300 Shortly after acquisition, the building was $39,600 $1,000,000 on March 1, 2021. The loan years in a single sum of $1,000,000 ]plus annual interest at 10 ,which will be paid at March 1. $2,000,000 issued on January 1,2010, with 14% March 1, 2021: Plans and architects fees May 1, 2021: Construction cost Oct 1, 2021: Construction cost Dec 31, 2021: Construction cost $650,000 $1,250,000 $350,000 $550,000

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AutoSave On Exam 2 ch 14-16.xlsx - Saved - O Search Rolando Borjas Jr. 困 File Home Insert Page Layout Formulas Data Review View Help A Share P Comments E A I AutoSum - Fill v X Cut - A A° 22 Wrap Text Calibri 11 General B Copy Paste BIU v A v EEE E E E Merge & Center $ • % 9 8 -98 Conditional Format as Cell Insert Delete Format Sort & Find & Ideas Sensitivity S Format Painter Formatting v Table v Styles v O Clear v Filter v Select v Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity AG28 fe P R S V Y AA АВ AC AD AE AF AG АН Al AJ AK AL AM AN AO AP AQ AR AS 16 The Annapolis Corporation's stockholders' equity accounts have the following balances as of January 1, 2016: 12% preferred stock, cumulative, $50 par, 10,000 shares issued and outstanding $ 500,000 5 Common stock, $10 par (100,000 shares issued and outstanding) 1,000,000 Additional paid-in capital: common 1,000,000 6 1,000,000 7 Retained earnings 3,750,000 8 Total stockholders' equity 6,250,000 9 10 Annapolis…

AutoSave Normal 因 Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A Aav A E E O Find - AaBbCcDc AaBbCcDc AABBCC AABBCCC AaB AABBCCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 Winter Company reported the following for the most recent month: Physical Units 700 Beginning work in process (60% complete) Units transferred in (started) during month Ending work in process 4,800 950 Materials are added at the end of the process and conversion costs are added evenly throughout the process. If equivalent whole units of production for conversion using the weighted average were 4,816, what percent complete was ending work in process at the end of the month? (Round to the nearest whole percent.) а. 20% b. 16%…