The 5 year long-term loan has a rate of 10%, semi-annual payments of interest and principal on March 31, and September 30. Payments commence from the 2016 year. Loan of $10,000...What adjustments will be needed if you recording on Dec 31, 2016

Well, what do you think? You have the loan $, the rate and payment dates.

Quote:

---

Originally Posted by ma0641

Well, what do you think? You have the loan $, the rate and payment dates.

---

Notes payable	2,000
Interest payable	1000
Cash		3000

Quote:

---

Originally Posted by barbajan

Notes payable	2,000
Interest payable	1000
Cash		3000

---

Where did these numbers come from, they were not on the original post?