118. A 90-day note dated June 14 has a maturity date of

a. September 14.

b. September 12.

c. September 13.

d. September 15.

119. A 30-day note dated May 18 has a maturity date of

a. June 18.

b. June 17.

c. June 19.

d. June 16.

63. Feeney Clinic purchases land for $130,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Feeney Clinic record as the cost for the land?

a. $132,200

b. $130,000

c. $134,700

d. $132,500

64. Belle Company buys land for $50,000 on 12/31/07. As of 3/31/08, the land has appreciated in value to $50,700. On 12/31/08, the land has an appraised value of $51,800. By what amount should the Land account be increased in 2008?

a. $0

b. $700

c. $1,100

d. $1,800

65. Pine Company acquires land for $86,000 cash. Additional costs are as follows:

Removal of shed $ 300

Filling and grading 1,500

Salvage value of lumber of shed 120

Broker commission 1,130

Paving of parking lot 10,000

Closing costs 560

Pine will record the acquisition cost of the land as

a. $86,000.

b. $87,690.

c. $89,610.

d. $89,370.