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15 February, 19:17

On January 1, 20182018 , you borrowed $ 15 comma 000$15,000 on a five-year, 99 percent note payable. At December 31, 20182018 , you should record a journal entry that includes which of the following?

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  1. 15 February, 22:21
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    1

    Interes expense 1350

    Interes payable 1350

    Anual interest 9%

    2

    Interest payable 1350

    Bank Loan 2506

    Bank 3856

    IPayment loan and interest (if the payment is annual)

    Explanation:

    N Pay. Capital Interest Loan

    15.000

    1 3.856 2.506 1.350 12.494

    2 3.856 2.732 1.124 9.762

    3 3.856 2.978 879 6.784

    4 3.856 3.246 611 3.538

    5 3.856 3.538 318 0
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