Question: Share Inc. is constructing a building that qualifies for interest capitalization. The company determines that the yearly actual interest paid on December 31 is

Share Inc. is constructing a building that qualifies for interest capitalization. The company determines that the yearly actual interest paid on December 31 is $59,700, while the yearly avoidable interest is $28,100. Record the December 31 entry for interest capitalization. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit

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