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.
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.
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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