Graves company borrows $90,000 on july 1 from the bank by signing a $90,000, 7%, 1-year note payable.

prepare the journal entries to record the proceeds of the note. (credit account titles are automatically indented when amount is entered. do not indent manually.)

july 1

prepare the journal entries to record the accrued interest at december 31, assuming adjusting entries are made only at the end of the year. (round to 0 decimal places, e. g. 62. credit account titles are automatically indented when amount is entered. do not indent manually.)

decmber 31

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost