Question: EA Co. wants to construct a small warehouse to store some materials begun on April 1 , 2020 and was completed on December 31, 2020.

EA Co. wants to construct a small warehouse to store somematerials begun on April 1, 2020 and was completed on December 31, 2020. The following expenditures were incurred for construction.

April 1

$ 15,000

May 1

$ 8,000

May 31

$ 5,000

July 1

$ 20,000

August 31

$ 10,000

December 31

$20,000

In order to help finance the construction, EA Co. issued the following during 2020.

1. $20,000, of 10-year, 9% bonds payable, issued at par on March 31, 2020, with interest payable annually on March31.

 EA Co. wants to construct a small warehouse to store somematerials

3. EA Co. wants to construct a small warehouse to store some materials begun on April 1, 2020 and was completed on December 31, 2020. The following expenditures were incurred for construction. April 1 $ 15,000 May 1 $ 8,000 May 31 $5,000 July 1 $ 20,000 August 31 $ 10,000 December 31 $20,000 In order to help finance the construction, EA Co. issued the following during 2020. 1. $20,000, of 10-year, 9% bonds payable, issued at par on March 31, 2020, with interest payable annually on March 31

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