On December $31,2024.$ Suriand linc. borrowed $53,780,000$ at $13$ K paydale annually to finance the construction of a fiew buliding is $2025,$ the compury made the following expenditures related to this building March $1,5453\mathrm{.}000,$ hure $1\mathrm{.}5756\mathrm{.}000.$ hur $1.$ $$1,99000$ : December $1.$$$1,870,000.$ The bulding was completed in Fetruary $202$ L $.$ Additional informulion H providod as fotionh.

Geler debt outstanding

$10-$year, $14$K bond, Deceether $31,2018,$ interest payabie annually $,$$$5\mathrm{.}040\mathrm{.}000$

$6-$pear, $1114$ nobe, dated December $31,2022,$ interest paratle avnally $2,016,000$

$2.$ March $1.2025,$ expenditure included land costs of $3167,000.$

$3.$ Interets revenve of $$61,740$ earned in $20$as$.$

$($a$)$

X Your answer is incorrect.

Determine the amount of interest to be capitaliued in $2025$ in relation to the comtruction of the bullding

The amount of interest $

eTertbook and Medis

List of Accounts

Antempts: $2$ of $3$ uied

$($b$)$

Wour anower h partlally corred.

Prepare the journal entry to record the capitalization of intereit and the recognition of inberest expense, IV any, at December $31.2025.($Credit account titles ave automatically indented mhen amount is entered. Oe not indent monuallf. If mo entry h required, select $"$Wo Entry" for the account bittes and enter O for the amonnts. thet att debit entries before credit entries$)]$

Date Account Tities and Explanation

Debit

Credit

$3$er $31\mathrm{.}202$s

Bulthes $$

$$

interest tupemat $$

$$

$$

Corrent Attempt in Progress

On December $31,2024,$ sunland inc, borrowed $$3,780,000$ at $13$ ppipatle amnally to finasce the construction of a new building, In $2025,$ the compary made the following expenditures related to this buidinc March $1,5453,500$ ; June $1,5756,000$ ; haly $1,$

$$1\mathrm{.}890000$ : December $1\mathrm{.}81,89000.$ The buldine was esepleted if fetrumry $2028.$ Additionaf information is provibed as follows

Other debt outstanding:

S$0-$vear, $1$ the bond. Docember $31,2018,$ interest payabie monaly

$$5,040,000$

$6-$year, $11\%$ note, dated Decenber $31,2022,$ internit phrable avnally

$2,016000$

$1$ Interest revenve of $$61\mathrm{.}740$ earned in $2025.$

$($a$)$

X Your anower is incorrect.

Determine the amount of interest to be capitalired in $2025$ is relative te the construction of the boibling.

The amount of interest $

eTextbook and Media

List of Accounts

Attempts $2$ ef $3$ uned

$($b$)$

yone wiverr in part thly correct.

Date

Account Trites and Explanation

Debit

Credit

$3$er $31\mathrm{.}2025$

Materen $$

$$

Iferevilunete.

$1127373$

$$

$$