JOURNAL ENTRY The business obtained a bank loan for the amount of $33600 on January 1, 2024.

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JOURNAL ENTRY The business obtained a bank loan for the amount of $33600 on January 1, 2024. The bank charges interest of 7% per annum and interest payments are due quarterly. The interest on the $33600 loan is yet to be recorded. The bank loan is due in January 2029

Posted Date: May 18, 2024 09:07 AM

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JOURNAL ENTRY The business obtained a bank loan for the amount of $33600 on January 1, 2024.

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