Bucky Company had loans outstanding during 2019 and 2020. Specific construction loan: P2,000,000 --- 10% General loan: P15,000,000 ---12% The entity began the self-construction of a new building on January 1, 2019 and the building was completed on December 31, 202o. January 1, 2019 July 1, 2019 November 1, 2019 2,000,000 4,000,000 3,000,000 July 1, 2020 1,000,000

Bucky Company had loans outstanding during 2019 and 2020. Specific construction loan: P2,000,000 --- 10% General loan: P15,000,000 ---12% The entity began the self-construction of a new building on January 1, 2019 and the building was completed on December 31, 202o. January 1, 2019 July 1, 2019 November 1, 2019 2,000,000 4,000,000 3,000,000 July 1, 2020 1,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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