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Business, 27.11.2019 01:31 lil2524

On march 1, mocl co. began construction of a small building. the following expenditures were incurred for construction: march 1 $331,500 april 1 296,000 may 1 742,500 june 1 1,146,000 july 1 393,000 the building was completed and occupied on july 1. to pay for construction $231,500 was borrowed on march 1 on a 12%, three-year note payable. the only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago.

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