Save Exotic Furnishings Ltd. has a line of credit secured by the equity in the business. The limit on the line of credit is $45,000. Exotic owed $26,318.24 on its line of credit on June 1. The line of credit agreement requires a regular payment of $100.00 on the principal plus interest (including overdraft interest) by electronic transfer after closing on the last day of each month. Overdraft interest is 17% p.a. The line of credit interest is variable. It was 5.5% on June 1, 4.95% effective August 11, and 6.00% effective November 13. (a) Calculate the interest payments on June 30, July 31, August 31, September 30, October 31, and November 30. (b) What is the account balance on November 30? Click the icon to view the transactions for the period June 1 to November 30. (a) The amount of interest charged on June 30 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Transactions - X Date June 01 30 July 24 Principal Principal Interest Withdrawal Payment Payment Balance -26,318.24 100.00 ? 5000.00 31 100.00 ? Aug. 31 100.00 ? Sept. 19 6500.00 30 100.00 ? Oct. 21 9000.00 31 100.00 Nov. 30 100.00 2.2 ? Activate Windows ? ? Go to Settings to activate Windo Clear all Check answer example

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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800

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