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On December 31, 2019, Cheyenne Inc. borrowed $3,420,000 at 12%
payable annually to finance the construction of a new building. In
2020, the company made the following expenditures related to this
building: March 1, $410,400; June 1, $684,000; July 1, $1,710,000;
December 1, $1,710,000. The building was completed in February
2021. Additional information is provided as follows.
1.
Other debt outstanding
10-year, 13% bond, December 31, 2013, interest payable
annually
$4,560,000
6-year, 10% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Larkspur Inc. borrowed $4.080,000 at 12% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $489,600; June 1, $816,000; July 1, $2,040,000; December 1, $2,040,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 13% bond, December 31, 2013, interest payable annually 6-year, 10% note, dated December 31, 2017, interest payable annually...
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On December 31, 2019, Headland Inc. borrowed $3,420,000 at 12% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $410,400; June 1, $684,000; July 1, $1,710,000; December 1, $1,710,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 13% bond, December 31, 2013, interest payable annually $4,560,000 6-year, 10% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Novak Inc. borrowed $3,300,000 at 13%
payable annually to finance the construction of a new building. In
2020, the company made the following expenditures related to this
building: March 1, $396,000; June 1, $660,000; July 1, $1,650,000;
December 1, $1,650,000. The building was completed in February
2021. Additional information is provided as follows.
1.
Other debt outstanding
10-year, 14% bond, December 31, 2013, interest payable
annually
$4,400,000
6-year, 11% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Windsor Inc. borrowed $3,780,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $453,600; June 1, $756,000; July 1, $1,890,000; December 1, $1,890,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually $5,040,000 6-year, 11% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Sarasota Inc. borrowed $4,140,000 at 13%
payable annually to finance the construction of a new building. In
2020, the company made the following expenditures related to this
building: March 1, $496,800; June 1, $828,000; July 1, $2,070,000;
December 1, $2,070,000. The building was completed in February
2021. Additional information is provided as follows. 1. Other debt
outstanding 10-year, 14% bond, December 31, 2013, interest payable
annually $5,520,000 6-year, 11% note, dated December 31, 2017,
interest payable...
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On December 31, 2019, Crane Inc. borrowed $3,720,000 at 13%
payable annually to finance the construction of a new building. In
2020, the company made the following expenditures related to this
building: March 1, $446,400; June 1, $744,000; July 1, $1,860,000;
December 1, $1,860,000. The building was completed in February
2021. Additional information is provided as follows.
1.
Other debt outstanding
10-year, 14% bond, December 31, 2013, interest payable
annually
$4,960,000
6-year, 11% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Novak Inc. borrowed $4,020,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $482,400; June 1, $804,000; July 1, $2,010,000; December 1, $2,010,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually $5,360,000 6-year, 11% note, dated December 31, 2017, interest payable...
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On December 31, 2019, Novak Inc. borrowed $4,020,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $482,400; June 1, $804,000; July 1, $2,010,000; December 1, $2,010,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually 6-year, 11% note, dated December 31, 2017, interest payable annually...
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On December 31, 2016, Whispering Inc. borrowed $4,260,000 at 12%
payable annually to finance the construction of a new building. In
2017, the company made the following expenditures related to this
building: March 1, $511,200; June 1, $852,000; July 1, $2,130,000;
December 1, $2,130,000. The building was completed in February
2018. Additional information is provided as follows.
1.
Other debt outstanding
10-year, 13% bond, December 31, 2010, interest payable
annually
$5,680,000
6-year, 10% note, dated December 31, 2014, interest payable...
On December 31, 2019, Larkspur Inc. borrowed $4.080,000 at 12% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $489,600; June 1, $816,000; July 1, $2,040,000; December 1, $2,040,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 13% bond, December 31, 2013, interest payable annually 6-year, 10% note, dated December 31, 2017, interest payable annually...
On December 31, 2019, Headland Inc. borrowed $3,420,000 at 12% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $410,400; June 1, $684,000; July 1, $1,710,000; December 1, $1,710,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 13% bond, December 31, 2013, interest payable annually $4,560,000 6-year, 10% note, dated December 31, 2017, interest payable...
On December 31, 2019, Windsor Inc. borrowed $3,780,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $453,600; June 1, $756,000; July 1, $1,890,000; December 1, $1,890,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually $5,040,000 6-year, 11% note, dated December 31, 2017, interest payable...
On December 31, 2019, Novak Inc. borrowed $4,020,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $482,400; June 1, $804,000; July 1, $2,010,000; December 1, $2,010,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually $5,360,000 6-year, 11% note, dated December 31, 2017, interest payable...
On December 31, 2019, Novak Inc. borrowed $4,020,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $482,400; June 1, $804,000; July 1, $2,010,000; December 1, $2,010,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2013, interest payable annually 6-year, 11% note, dated December 31, 2017, interest payable annually...