Ali Aladaileh 20161404061

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Ali aladaileh 20161404061

3000000 at 12%

March1 : 460000 * 10/12 = 383333

Jun1: 600000 * 7/12 = 350000

July1: 1500000 * 6/12= 750000

Dec 1 : 1200000 * 1/12= 100000

3760000 1583333

Other debt : - 400000 * 11% = 44000 - 1600000 * 10% = 160000 -

Total = 204000/2000000= 10.2%

Actual interest = 360000+440000+160000=960000

Avoidable interest= 1583333 * 12% = 190000

Dr. building 190000

Dr. interest exp. 770000

Cr. Int. payable 960000

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