On July $31,2025,$ Bramble Company engaged Minsk Tooling Company to construct a special$-$purpose piece of factory machinery. Construction began immediately and was completed on November $1,2025.$ To help finance construction, on July $31$ Bramble issued a $$306,000,3-$year, $12\%$ note payable at Netherlands National Bank, on which interest is payable each July $31.$$$204,000$ of the proceeds of the note was paid to Minsk on July $31.$ The remainder of the proceeds was temporarily invested in short$-$term marketable securities $($trading securities$)$ at $10\%$ until November $1.$ On November $1,$ Bramble made a final $$102,000$ payment to Minsk. Other than the note to Netherlands, Bramble's only outstanding liability at December $31,2025,$ is a $$31,000,8\%,6-$year note payable, dated January $1,2022,$ on which interest is payable each December $31.$

$($a$)$

Your answer is correct.

Calculate weighted$-$average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during $2025.$

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List of Accounts

Attempts: $1$ of $3$ used

Question Part Score

$\frac{3}{3}$

$($b$)$

Prepare the journal entries needed on the books of Bramble Company at each of the following dates. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

July $31,2025.$

November $1,2025.$

December $31,2025.$

Date

Account Titles and Explanation

Debit