Computer folders can also store other types of files, such as applications, archives, scripts, and libraries. All folders are subfolders, or subdirectories of the root directory.
        
             
        
        
        
Answer:
$88,920  
Explanation:
capitalized interest = weighted average accumulated expenditure for the year x interest rate of the loan = $889,200 x 10% = $88,920 
Capitalized interest can be added to the basis of the new building that is being constructed. This way, the building's depreciable value will increase.  
 
        
             
        
        
        
Answer:
805
Explanation:
The document tax which is to be paid by the seller in Florida on deed is $0.70 per $100 of the sale value.Based on this, the document tax on the sale price of $115,000 shall be calculated as follows:
Document tax=(Sale value/100)*0.70
Sale value=$115,000
Document tax=(115,000/100)*0.70
                        =1,150*0.70
                        =805
 
        
             
        
        
        
Answer:
The journal entry to record the sale :
Debit : Note Receivable $120000
Credit : Sales Revenue $120000
Explanation:
The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.
 
        
             
        
        
        
Answer:
Date               Account Title                                              Debit               Credit
May 7             Materials                                                 $9,600
                       Accounts Payable                                                            $9,600
<u>Working:</u>
= Units purchased * cost per unit 
= 640 * 15
= $9,600
As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.