On 28 June 2020, a purchase order was received from a customer, for goods worth RM460,000. The
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Question:
The 10% Bank Loan (5,000,000) was repaid in full on its due date, 31 March 2020. Interest was payable semi-anually on 31 March and 30 September. The repayment and final interest for the second half year were not yet accounted for.
State the journal entry for each of the above statement.
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