Repaid bank 20000 plus 400 interest

berryacai19 Posts: 1, Reputation: 1

New Member

Jul 18, 2012, 09:50 AM

Repaid bank 20000 plus 400 interest

Anybody willing to tutor me in accounting?

pready Posts: 3,197, Reputation: 207

Ultra Member

Jul 18, 2012, 10:59 AM

Debit Notes Payable for 20,000
Debit Interest Expense for 400
Credit Cash for 20,400

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